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
And while we were a much smaller firm, at the peak, we had, I think, 18 billion or so of capital.
And we were down to, with all the money going back to our investors who could redeem, we had 4 billion of capital.
uh and stuff you know and uh that was the bottom and we've made a huge amount of we've had the best eight years in our history since that time and we're able to run the business much more efficiently because we didn't have to have armies of people constantly raising money uh without the distractions of you know it most people in our industry the ceo spends a lot of time out there raising capital john gray is an amazing ceo at blackstone great investor but
spends an awful lot of time having to meet with investors.
Buffett, I think, made the decision to get out of the business of managing hedge funds because he didn't want to be in the investor relations business all day.
And so that was a critical kind of junction.
And how I got through it personally was my little mantra is you just need to make a little progress every day.
The bottom, you feel like you're never going to get out and progress doesn't appear kind of quickly.
But the progress of daily compounding and make a
one percent progress every day you know adds up very quickly and you know they they start out with a very small slope and then they you know go vertical after a certain point in time and that happens in your personal life in your business life as long as you make a little progress every day so that's what i did
I wouldn't blame all that on Carl.
What we had there is, first of all, Pershing was never really in the business of shorting stocks.
We did make some bets against companies using credit to false fobs, which is a much better instrument.
And we said, look, we can prove that this is a pyramid scheme.
The government will investigate.
How can this not be a good short investment?
Well, Carl basically took the other side of the trade and bought a billion dollars worth of stock.
When I told him that, it was appropriate.
It was the only two words that were appropriate.
We can get into that.
Showing 481–500 of 619 · page 25 of 31
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