Bill Ackman's lowest point: $4 billion dollar loss | Lex Fridman Podcast Clips

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GUEST BIO:
Bill Ackman is an investor who has led some of the biggest and controversial financial trades in history. He is founder and CEO of Pershing Square Capital Management.

PODCAST INFO:

SOCIAL:

[LexClips]

Guest bio: Bill Ackman is an investor who has led some of the biggest and controversial financial trades in history. He is founder and CEO of Pershing Square Capital Management.

[jeffreyvolyn]

I love this segment of the interview. Bill Ackman puts himself out there for everyone to see. Possibly the best and most honest interview I’ve ever seen. Both Lex and Bill are incredibly genuine. For me, this was special.

[heatalldayy]

I lost $400 the other day and almost had a panic attack.

[hezronkarani]

"I borrowed 300 million from JP Morgan"

[Woozlewuzzleable]

Yeah, I hate when that happens. Happens to the best of us.

[ReflectionOcean]

- Talked about some of the big wins and track record. <00:02>

- Mentioned the biggest loss of career involving Valiant Pharmaceuticals. <00:10>

- Identified complexities and risks in the pharmaceutical industry. <00:20>

- Found a founded pharmaceutical company investment turned disastrous. <00:32>

- Stepped in to solve problems after a series of bad decisions. <00:53>

- Experienced financial loss of $4 billion due to market loss confidence. <01:29>

- Mentioned a strategy change: no longer shorting companies. <03:01>

- Borrowed $300 million to prevent an activist takeover. <03:20>

- Implemented new investment principles on a granite slab. <09:02>

- Described using meditation, exercise, and making daily progress for resilience. <12:24>

- Pointed out the perspective gained from recovery and gratefulness. <14:43>

[blipblop]

Good time to get a divorce, negative net worth 😂

[PhilXC_]

I completely understand Bill’s heart after I lost $210 on Bed Bath and Beyond.

[Wisagapi]

Wow. This was great. His narrative of the story with Neri was heartwarming. Wow

[davidpm]

This detailed level of transparency is incredibly insightful. Bravo, Lex.

[drewdepascale]

Even billionaire’s sweat if Brad Pitt is meeting your gf 😂

[theinfamoustroll]

"Progress compounds just like money compounds"

[KennysTreeRemoval]

What a grinder Bill is. Good for him for not quitting and pulling through.

[joshuarichardson]

His biggest loss would’ve been FNMA but he never sold and it’s finally going back up again with recent court cases favoring shareholders

[joshuaburns]

Great Men have learned from big losses

[moketeratlabala]

When he mentioned Paul Singer I got goosebumps, that guy took out a whole town and a country, I don't want him on my tail.

[henryzhang]

What a optimist, good to learn from him.

[jorgevivanco]

Incredible to see this side of Bill. At the end of the day, we're all human beings.

[jamestvlh]

I'm going through a storm in many areas of my life currently. It's emotionally and mentally exhausting. Things are bleak for me. But after watching this, i can see a dim light at the end of the tunnel again. Hope is vital and often self fulfilling.

[amdave]

WOW - this is an amazing story and insight into how cut-throat the world of finance / Wall Street is! It is eat or be eaten on Wall Street.