#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Lex Fridman Podcast
00:00
Investing in Great Businesses at the Right Price
Investors should seek businesses with long-term growth trajectories and strong cash generation, easy to understand, with high barriers to entry and minimal need for capital raising. However, the challenge lies in the high stock prices of these great businesses, making it essential to avoid overpaying to achieve attractive returns. One strategy is to invest in great businesses that have made mistakes and are undervalued, enhancing their value through strategic interventions.
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