Bill Ackman
speaker
500 appearances
1 recordings
1 series
first heard Jul 2026
last heard 20 Jul
Bill Ackman’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
I think a lot of the younger generation is wasting a lot of money betting on sports.
Maybe it's fun, but don't bet money that you need to live on.
Unless you have a huge edge.
I guess if you know a ton about a certain space and that gives you an edge and the market's mispricing that edge, fine.
The problem is that stocks can trade at any price in the short term.
And when you borrow against your equity portfolio, you can get a margin call.
And what that means is if you're living off your brokerage account and you've got $0.50
leverage against the dollar portfolio, you know, the stock market goes down 20 percent or your portfolio goes down 20, 30 percent.
You have to post more collateral.
They can sell you out.
And the key to being a successful long term investor is being able to survive those kind of challenging market periods when everyone else is panicking.
In fact, you want to have money to invest when others are panicking.
You know, we've we've made a big chunk of our profits over the last, you know, 20 odd years have come from times where the market was blowing up and we had
We hedged that risk and we had capital to deploy, both in 08, 09 and during COVID.
Rich people become a lot less rich when they do that sometimes.
Carl Icahn, very famously, was very highly levered against his own stock.
And then the stock got crushed.
And he went from $20 billion net worth to three or four.
So rich people can lose a lot of money using it.
using margin leverage.
Showing 201–220 of 500 · page 11 of 25
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