Bill Ackman

speaker

1,217 appearances 6 recordings 6 series first heard Feb 2024 last heard 3 Jun

Bill Ackman’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.

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It's something I've always wanted to do.

We have the benefit of understanding both the insurance side of the business and we can manage the assets well.

And you can buy it at whatever, 60 cents on the dollar.

So what Buffett did is he took 100% of the insurance float and put the money in short-term treasuries.

So he took no risk on kind of policyholder funds.

And he took 100% of the surplus of the insurer, the equity, and invested in common stocks.

And that's what we're going to do.

And I think we can build a really profitable insurance company.

We're starting at a very small scale.

The company's got like a $4 billion market cap.

And the goal is to build it into a trillion dollar thing over time.

Compounding.

The other thing Buffett did well is that he didn't issue any stock, or not for a very long time.

So we started with a million shares, and today it's effectively like a million and a half.

I think it's hard to do this because you need control of a public company, and you have to be not in a get-rich-quick mindset.

And if you're in the get-rich-quick, it's easier to go to Citadel or Millennium or one of these.

Why does it have to be public?

It doesn't.

It doesn't have to be public.

You know, we got here by accident, right?

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