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 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 2.
Appearances
This is a massive failure of succession planning. Outside of politics.
Sure, so the SEC doesn't like us to talk about new funds that we're launching that we filed with the SEC. Sure. But I would say I do, and by the way, if anyone's ever interested in a fund, they should always read the prospectus carefully, including the risk factors. That's very, very important. but I like the idea of democratizing access to good investors. And I think that's an interesting trend.
So we want to be part of that trend in terms of financial markets, generally the economy, you know, a lot of it is going to depend upon the next leader of the country. So we're kind of right back there. Um, you know, the, the leadership of the United States is important for the U S economy. It's important for the global economy. It's important for global peace.
And we've gone through a really difficult period and it's time. We need a break. But look, I think the United States is an incredibly resilient country. We have some incredible moats. Among them, we have the Atlantic and the Pacific, and we have peaceful neighbors to the north and the south. We're an enormously rich country. Capitalism still works effectively here.
I get optimistic about the world when I talk to my friends who are either venture capitalists or my hobby of backing these young entrepreneurs. I talk to a founder of a startup if you want to get optimistic about the world. So I think technology is going to save us.
I think AI, of course, has its frightening Terminator-like scenarios, but I'm going to take the opposite view that this is going to be a huge enabler of productivity, scientific discovery, drug discovery, and it's going to make us healthier, happier, and better. So I do think the internet revolution had a lot of good, obviously some bad.
I think the AI revolution is going to be similar, but we're at this other really interesting juncture
uh in the world uh you know with uh technology and we're going to have to use it for our good uh on the media front i'm happy about x and i think uh elon's gonna be successful here uh i think advertisers will realize it's a really good platform the best way to reach uh me if you want to sell something to me i suppose i've actually bought stuff on uh some some ads and x i don't remember the last time i responded to direct response advertising you know in terms of uh
My business, I have an incredible team. It's tiny. We're one of the smallest firms relative to the assets we manage. It's a bit like the Navy SEALs, not the US Army. We have only 40 people at Pershing Square. So it's a tight team. I think we'll do great things. I think we're early on. My ambitions investment-wise, I've always said I'd like to have a record as good as Warren Buffett's.
The problem is each year he adds on another year. He's now in his 93rd year. So I've got 36 more years to just get where he is. And I think he's going to add a lot more years. I'm excited about seeing what Neri is going to produce. You know, she's building an incredible company. They're trying to solve a lot of problems with respect to products and buildings. and their impact on the environment.
Her vision is how do we design products that by virtue of the product's existence, the world is a better place. You know, today, you make, you know, her world is a world where the existence of the new car actually is better for the environment than if the new car hadn't existed. And think about that in every product scale. That's what she's working on. I don't want to give away too much.
But you're going to see some early examples of what she's working on. So again, I get excited about the future. And crises are sort of a terrible thing to waste. And we've had a number of these here. I think this disaster in the Middle East, my prediction is... The next few months, this war will largely be over in terms of getting rid of Hamas.
I think I can envision a world in which Saudi Arabia, some of the other Gulf states come together, take over the governance and reconstruction of Hamas. of of gaza security guarantees are put in place the abraham accords continue to grow a deal is made terrorists are ostracized um that this october 7th experience on the harvard uh
Penn, MIT, Columbia, unfortunately, other campuses is a wake-up call for universities generally. People see the problems with DEI, but understand the importance of diversity and inclusion, but not as a political movement, but as a way of That we return to a meritocratic world where someone's background is relevant in understanding their contribution.
But it's not, we don't have race quotas and things that were made illegal years ago actually being implemented in organizations on campus. So I think there's, if we can go through a corrective phase, and I'm an optimist, and I hope we get there.
I have hope even for Harvard. It's generally hard to break 400-year-old things.
Thank you, Lex.
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