Bill Ackman
speaker
619 appearances
1 recordings
1 series
first heard Aug 2026
last heard 5 Aug
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 Aug 2026 with 1.
Appearances
in many cases where we're the largest, the employees of Pershing Square are the largest shareholders.
And what that does for us is it gives us what Mr. Buffett would call permanent capital.
You know, Berkshire is a corporation.
When people want their money, they sell the Berkshire shares, but the capital stays in the enterprise, and Mr. Buffett's done a remarkable job investing that money kind of over time.
The business of asset management very often conflicts with the investment of assets.
It's sort of this interesting kind of paradox.
Many times the best time to invest capital, and we've made a lot of money being able to invest at a time when people want their money out of the market.
Human beings were, if you go back to caveman days, when everyone was running in that direction, you probably should be running in that direction because something very bad was coming.
The herd mentality.
Right, the herd mentality thing saved a lot of lives.
in in economics or in markets the herd mentalities cost you a lot of money okay so you very often you want to be looking at a direction but it's very hard to do so if the capital that you manage
It's coming from people where they can redeem it when the herd is running in a certain direction.
So we've built a business model around capital that can't leave the system, and that's given us an advantage.
And it allows us, you know, the vast majority of hedge fund capital today and many other investors in the markets is very short term.
If you think about the pod shops, you know, the more famous ones, the Citadels and Millenniums, they've made a lot of money.
But with not by betting on future of an enterprise, you know, over the next decade, betting on a stock price, you know, over the next 90 days.
And that's not that interesting to me.
And we like helping companies become more successful.
And that's a many, many year process.
And it's very important to have assets that match liabilities.
Showing 401–420 of 619 · page 21 of 31
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