How to decide which companies to invest in | Bill Ackman and Lex Fridman

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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.

[InvestorCenter]

I work at a hedge fund so I’m an “insider” in the industry. It is incredibly impressive that Lex doesn’t have a finance background but knows the EXACT right questions to ask. Such a great interview

[MrFernandogj]

I remember my entire mindset on investing changed when I heard someone say that as your money grows, you can see yourself as a resource allocator. Your giving resources to companies which you try to make sure are the best because they will use that capital in the best way possible which will give a return. In a sense, Warren Buffet isnt just an investor, but he gets trusted with billions of dollars of resource allocation to a particular company, hence why fundamental analysis of a company is important. Companies that are able to use said resources properly will get rewarded with more allocation.

[Meowhsss]

Invest in an S&P 500 fund like SPY or VOO, set it and forget it

[DelKshares]

I’m still surprised by his Netflix purchase and sale. He believed in Netflix until he didn’t a few weeks later. Bought at $350-375, sold at $225-240 and now NFLX is $580+. If he’d held or dollar cost averaged instead of jumping in as he did with both feet, he could have made a huge profit. I don’t claim to know what he does, and we all make mistakes, but that was a strange move.

[BASENYC]

Lex is seriously the best interviewer, he’s always himself no matter who he’s talking to.

[CuriosityIgnited]

It's intriguing to consider the balance between valuing a business's long-term growth trajectory and the critical nature of purchase price in investment returns. However, I can't help but ponder the ethical considerations of investing in fast-food chains, given the health and environmental implications. Should investors weigh these factors more heavily, or is the financial return the ultimate goal? It's a thought-provoking conversation that goes beyond mere investment strategies, touching on broader societal impacts.

[ndjarnag]

Chipotle sucks recently. They shrunk portion size.

[PengPeng]

Can Acheman direct me to a good Wiki for this info?

[cashierlyfe]

I bought chipotle when it was down big time. Could not hold for long. They had bumpy road for like couple of yrs.

[ScottFerreira]

Headed to Chipotle right after this. Thank you Lex! Been craving it all week and now I really need it.

[TheEnlightenedMalignancy]

Very trustworthy advice from the Tribe 🔥🤡🔥

[gracerodgers]

I had the best rainbow trout in a little zum brucke in Germany, pan fried in butter... perfect.

[johnmartinsen]

Quality of the beef is more important than prep method (grill vs fried). I would rather eat raw grass-fed/finished straight from the butcher than any form from fast food chain.

[CharliewatII]

I always thought Chipotle could make Hibachi just as easy. Just Soy Sauce & Yum Yum instead of Salsa & sour Cream.

[eddieedwards]

Here’s a better question, how to decide which companies to short?

[thanduxolonelisiwe]

"We're looking for great businesses that are on the operating table"- Charlie Munger

[blinoldluv]

Are you sure the food at Chipotle is healthy? Do they use non seed oil like coconut oil?

[reubenhandel]

I am the cousin of the King of Nigeria and due to a coup my bank account has been temporarily frozen. If someone gave me $5000 today I would pay them back $10, 000 next week

[kizhissery]

Indian stock :
Jubilant Foodwork : Dominos, popeye, Dunkin
Devyani International:KFC, Pizza hut
Westlife Food : McDonald's
Sapphire Food : KFC, Pizza hut, Taco bells