Bill Ackman on Markets, Active Investing, U.S. Recovery From Virus

[@Blitcliffe]

one trade will never make you but one trade can always break you! Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.

[@carolynrose1816]

When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.

[@Tsunaniis-j5l]

@@carolynrose1816 That's right, you can avoid the traps of lifestyle inflation by consulting an expert advisor to help you plan for your short- and long-term goals; it all comes down to proper guidance. Over the past two years and six months, I have seen my income build wealth and now have a fully paid off house and at least $650,000 in stocks. All this is the result of subsequent investments with my savings and the application of expert advice.

[@DreamweaverShade-h9p]

@@Tsunaniis-j5l Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.

[@Tsunaniis-j5l]

@@DreamweaverShade-h9p credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up

[@DreamweaverShade-h9p]

@@Tsunaniis-j5l I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@Furtivo95]

1. He shorted top of the market. 2. Sold at the bottom. 3. Bought before the market shot up. Best three rounds of poker ♠️ ♦️ in history.

[@EliA-mm7ul]

you mean covered or bought the bottom

[@Furtivo95]

Voynich Code Looks like a mixed bag really. On March 31 he traded nine stocks. Six of those are as of today negative. I was shocked to discover he sold 1.1M in Chipotle. That that would have been his biggest gain. So he really didn’t cover at this point. www.gurufocus.com/guru/bill+ackman/stock-picks

[@bronsondiamond2025]

So ballsy

[@henryrugg4971]

@@EliA-mm7ul Correct me if I'm wrong, but he went short on the market by effectively being long on the price of credit default swaps on investment grade credit, which rose some threefold during the bear market. So no covering his 'short' position I think. He then bought his favourite stocks shortly after offloading his CDSs at the market bottom

[@iandevries9337]

Never bored of listing to Ackman. Great human and Investor.

[@mizan1030]

Got to love the Ackman’s honesty and straight talk. Not afraid to admit mistakes. Love it!

[@OmahaRiverDonkey]

He's like the guy on Stock Twits who cheers his bet and trolls everything against it, but he buys his soapbox, tries to manpulate politicians and the justice system to support his bets, and uses the media. His disengenuous crying and concern for the American public about Covid on CNBC recently for 30 minutes, never disclosing his position, is a good example. That's why he's so hated on Wall Street.

[@scotts1409]

Rubenstein is the best interviewer, by far.

[@anwarulhuqshuvo2411]

He stays mute and lets the person speak

[@danielshaikhali5108]

I love the interviewer unlike CNBC who constantly interrupts

[@PropMoneyStacks]

"i am done making mistakes" gotta note that down.i would work for Bill Ackman in a heartbeat not for the money but for the problem-solving.His Determination is one of the best on earth see "Betting on Zero" above and beyond to do the right thing.

[@WolvesOfInvesting]

One of the greatest investment minds today. I love listening to Bill Ackman! Thanks for doing this interview David Rubenstein! 👍

[@mrh4742]

That coming from another jerk who calls himself a WOLF of investing. WOLVES who rip apart human hearts and drink their blood.

[@mrh4742]

It is anger towards THIEVES of wall street like Ackman and their supporters like you. So It s justified. At least I didn't steal honest people's money who wanted to retire or get married by creating a false panic on media.

[@dannytram9885]

I feel like Bill Ackman is a great investor in this century. Sometimes, I feel like he has something that I couldn't understand. Really excited to hear more about Ackman and Rubenstein.

[@russsmith6651]

Ackman doesn't understand eather, but looks like 'smart boy in the room. If he is so "smart ",he could trade own money.But he is not dumb.

[@nigelfiles8672]

I cant believe the builder/design team. Did'nt line those wall boards up in the corner.

[@andyy6481]

omg you are right lol, I wonder how much he pay for that work.

[@MasterNigel]

Very interesting, informative, inspiring interview.... I admire both of these Great men...

[@mikelistmeier1125]

Dave ALWAYS comes prepared. He's a great host

[@CaptainPlanet007]

Wanna meet Bill Ackman one day, hope to grow my empire so he can acknowledge me.

[@MemesNDrims]

Holy smokes. He's 54??? Guy never ages a day and looks like someone in his late 30's!

[@computersupport9612]

white hairs..

[@Ryan-se5uj]

Great Interview. You let Ackman talk uninterrupted which a lot of interviewers don't seem to do.

[@alerbazogaspar2689]

I've been watching a lot of Bill's content. My deepest respect and admiration to him. Greay personality and character hope one day tomeet this man and tell him how much he inspired me.

[@kawingchuirua]

I admire these guys. Both of them

[@urvishthakor3571]

Here are the 8 Principles in case you missed them: 1. Simple and predictable businesses 2. Free cash flow generative 3. Dominant market position 4. Large barriers to entry 5. High return on capital 6. Limited exposure to non-controllable extrinsic risks 7. Strong balance sheet where outside capital is not necessary 8. Excellent management and good governance

[@alexinvests]

Great honesty and can imagine Pershing Square would be an amazing place to work.

[@user-ql3ws5uz1d]

9:48 I finally learned Pershing Square's annualized return

[@maximaximilian9917]

from a PE perspective, not intuitive to have such a high IRR, despite high MOIC :)

[@user-ql3ws5uz1d]

@@maximaximilian9917 his fund doesn't really work like PE except for the 2/20 fees (I assume). But what's not intuitive about it?

[@ufchighlights1]

He played the Market exactly right this year. Insane. I shorted all the way down but didn’t buy the bounce because I totally forgot about the Feds and Powell

[@mariomoreno1151]

David great interviewer, great private equity investor, Bill hedge fund royalty. Thanks for sharing.

[@sl2462]

Ackman is an incredibly shrewd fund manager. That's the reason he was able to make this bet and move with conviction. At the same time you have to be very careful and listen very closely to what he says and how he says it.

[@captainhighbury1806]

I find him honest & forthright watching this interview.

[@mrh4742]

That's because you are a fool.

[@captainhighbury1806]

@@mrh4742 so you know him personally? Do you know Pershing Square's returns to its investors?

[@captainhighbury1806]

@Marco Deo well, he gave 56% return to his investors in 2019. Thats what counts.

[@appletree9843]

I love this Ackman guy

[@LJM2stepspain]

Bill Ackman for president 2024!!

[@wajahatsyed2909]

Thanks David! A very good interview.

[@tuirfghfhg1787]

Truly 2 great humans who never sucked the American economy creating nothing.

[@volkscco]

when the interviewer is richer than the interviewee

[@CaptainPlanet007]

Yes but then again, there aren’t that many interviewees worth over $3.5bill chump!

[@volkscco]

@Marco Deo that is if he dont short another Herbalife

[@bronsondiamond2025]

Awesome interview 👍😎 Some of the Questions blew me away and didn't expect some of them lol.

[@InStevenWeTrust]

One of the few investors who timed this year's volatility impeccably.

[@jacobhernandez4347]

I have great curiosity about analytics and psychology and this video just enhanced it . I’m a full time electrician and a book worm 🤷🏽‍♂️

[@narupchana9052]

Am I only one keen to know what books Ackman has on the bookcase behind him?

[@Dortch3]

Unlike Michael Burry, Ackman's incredible hedge paid off quick, and he avoided having to shell out another $27M the following month to keep his position open...which I believe were credit default sways or some variant thereof.

[@trampolinemaster11]

Reminds me of "The Big Short" bet except Bill timed it much better.

[@alvinmc5593]

Its very easy to "time" it when you have inside info...

[@장규종-n6e]

Alvin MC where the hell's the insdier info on this pandemic which is unexpectable even at this very moment

[@alvinmc5593]

@@장규종-n6e ur an idiot..

[@scottwilson4798]

Alvin MC great explanation

[@CaptainPlanet007]

And made quadruple!!

[@reasonandlogic4652]

Very insightful questions and Ackman has a knack for explaining things but he's a wall street guy. As if he doesn't have access to politicians at the highest level to tell him what's going on.

[@michaelmoguel8130]

at 13:09 lol, did he open up a porn link by accident. hahaha

[@Bottlesbybigd]

Sure sounded like it 😂

[@tonysvisuals]

Bruh😂

[@laijames118]

13:07 what is that background sound playing in BIll Ackman.........

[@mattpopovich]

How do commenters find this stuff lmao

[@acapp3004]

I have no problem with Ackman's CDS trades...brilliant move...I do have a problem with his tweets to the President and going on CNBC in the midst of these trades...wait till it's all wrapped up and then go to the media...doing anything else will leads to doubts about motives and ethics.

[@SS-qb6ye]

Bill Ackman should fight for President. I will vote him after Trump finishes his administration! seriously!!!

[@top5-vid814]

What is top 20 book David recommend?

[@zz.158]

So what is Bilĺ Ackerman investmemt strategy for this summer?

[@tufan7123]

Very insightful! Still wondering the sound at 13:08

[@strawberriesandcandy]

Omg is Bill pregnant? He’s absolutely glowing.

[@nickm4974]

strawberriesandcandy perks of being a Billionaire

[@JJ-of3ng]

CMG: P/E 88, P/B 18: he's certainly talking his book.

[@parkerluke9911]

Really enjoyed this Interview, David! Keep up the great work (sharing insights from leaders in the investment world)! I recently launched an investment partnership after stepping away from full-time business to complete law and business school. It is from interviews like these that future fund managers gain insight and encouragement -- and I am sure I speak for many watching this video, Thank you for taking the time to ask questions and listen so intently! We would even love hearing you interview yourself! After working through private equity books for years, it is clear that your experience in this space cannot be taken for granted. Best of wishes for you and yours! Warm regards, Parker

[@martinhirzer7768]

He different to this standard private equity guys like KKR...I like this kind of outlaw image and his fresh investment ideas like SPEC!

[@NoobMachiavelli]

Hey David, what are those books in the back ground. Can you tell me? Please 😁

[@kongsokheng3087]

the thing i noticed that this 2 guys have is they both have their bookshelf fills with books. what about you?

[@BlakeC341]

50% of my apartment is books 🤣

[@wlaffin99]

Bill, is now a good time to buy HHC?

[@valentinbrescan288]

If there is a consistent/increasing seasonal number of cases of infection into the winter, that recovery starts by year end assumption might be debatable

[@pongfoong8760]

Pioneer sis

[@martin-kx1su]

Hello david. The video does not have the option to add the subtitles by default that google puts. Please allow them in the next one. Thank you.

[@JBulsa]

Ackman didn’t make any of the mistakes for the reasons he believes. It’s a psychological blind spot that still hasn’t been clarified. Buffett has at least 3.

[@nickm4974]

kzbin.info Bulsa it’s called a cognitive bias and I would say overall he’s winning he’s a billionaire

[@brewwatchco]

How is “Amazon not a technology company” ?

[@irs6345]

Bill ackman looks like sheldon cooper from the big bang theory , prove me wrong.

[@skepticbubble3166]

I only clicked on the video because Ackman is simillar to Ackerman in AOT

[@JBulsa]

Ackman has 1 psychological flaw. I can tell him how to guard against it and I would invest with him.

[@BirdsR]

Why is Ackman's Company on OTC and not on a Major Exchange???

[@JBulsa]

Min $10k to invest. Credit check. Prefers accredited investors

[@sheetsw56]

You guys investing in SPCE? I hear ots going to be the next big thing.

[@justinvanbergen-sciuk1650]

did anyone hear that moan at 13:07

[@anidynamic]

Money alone can’t satisfy you 😂😂

[@theklaymiator]

i honestly wonder which side it came from 😂

[@XxEvilxEmpirexX]

Was Ackmans chair making that noise

[@steplaland]

0:13 you can hear it after bill says hi. Lmao

[@cathrina1786]

Maybe bill's baby

[@timhysniu]

Trust this guy with everything you have. He is about to tell Trump to "shut the world", and at the same time say he is bullish. Not sure how he sleeps at night but he will make his people money.

[@advantateam9330]

What, no tie David?

[@JT-uh6je]

When he goes short, how does he do it? He won't buy a ishares short etf on an index... A mystery of the financial world for the outstanding

[@pongfoong8760]

Talk about the cargo?its not my company

[@jurgenklopp1506]

Ebooks lack character. If anyone can explain the reference I'll jump in joy.

[@adnan_velic]

Great pitch to invest into this guy. Looks like someone is looking to dump a shit ton of money into the market again

[@IM1THE2KING3]

SPY Bull or Bear monday?

[@user12ek5]

прикольно смотрится когда человек седеет рано, будучи еще молодым, но при этом имеет темные брови)

[@maryanasky]

emu 54, но он хорошо выглядит

[@Incurabl]

Bill Ackman 5:50

[@gmo709]

Reminds me of the guy from SCTV...Harry Shearer.

[@alvinmc5593]

So this guy agrees we're in a recession and the economy won't be back to normal untill 2nd quater of 2021 but yet he called bottom and starting buying in March..Makes no sense to me unless he knew something the public didn't....

[@mavidesign]

13:08 ummm ... what is that sound?😅

[@pgeezy2396]

That's what I was wondering 😂

[@CommandoMaster]

Nice guy. He seems pretty smart. But he didn't answer the question about inflation or why he doesn't buy the big tech stocks like Apple, Microsoft, Facebook, Google, or Amazon.

[@leonah6490]

for us, maybe he is just one of the super rich guy, but every rich guy has his own way and strategy to reach success. Ackman seems likes shorting, maybe those big tech companies is not suitable

[@nguyenhoangnam576]

They have the same faces and look like father and son :)

[@pongfoong8760]

I think it’s around 20000bath per one j

[@pongfoong8760]

All phone size

[@djenandji]

why is ackman dialing in from a sauna?

[@saad6633]

He went in TV telling people that market is going to fall when he had a short position. Two days later he said the market is going up when he had long position .. he got the investors both ways. Market manipulation and a year later he will write a book about how to be successful , he just makes me feel disgusted and I believe that authorities should look into his situation.

[@BlakeC341]

If you think his words moved the markets on their own during a media hype driven market then you're just straight delusional.

[@saad6633]

@@BlakeC341 Code of ethics in the financial sector in many countries instructs participants not to use platforms to support their positions in the market. You think this came out of nothing ?

[@BlakeC341]

Sure, yet analysts do it regularly. Goldman Sachs and Citron Research come to mind.

[@dontinhale]

Rubenstein always reminds me of a mischievous child

[@shorifulsiddiki7037]

11:11

[@steplaland]

How’s that work? Had i put similar 2.7k hedge, would have 2.7M?

[@Furtivo95]

steplaland 100x return would be $270k return for you. Keep in mind he would have had to pay a $500M premium to keep his position annually. Luckily he was able to close out within a month. So he probably only paid $40M in premiums.

[@steplaland]

Edgar Arenas i should know the math. Just seems the return from 27M to billions is a lot more lol. More curious of the hedges that provide that kind of return in such short period.

[@dogestranding5047]

Regular investors can't buy credit default swaps.

[@Furtivo95]

steplaland Lol 😂. Good question. I believe you need to manage a fund of 5 x the annual premium or 2.5B in assets in this case. Pershing Square assets were worth about $8B. Keep in mind a large portion was his clients money but I imagine he made a 15-20% cut of the 2.6B plus his own cash bet. It’s was an extremely risky move, but since credit default swaps are a dark market he can literally charge any fee he wants.

[@Blessed1283]

He is so cute

[@nerdi_brilliantidea3314]

Beat me that the deficit will be pay selling 90000 shares for the asking prices of $800,000,000 and now ask urself what was deficit OF TWENTY FIVE TRILLION DOLLAR and is not my fault about ur lost not doing best for the USA.

[@pongfoong8760]

5000 it’s too cheap

[@russsmith6651]

If you give monkey two buttons:buy -sell, it could be successful some time.

[@vallabhyadav9307]

David where is your necktie?

[@rashishmaheshwari1]

I would do anything to be bill's mentee

[@aharonaryeh4049]

Nikky Aide I’m actually gonna try this.

[@dogestranding5047]

@@nikkyaide8864 That's really interesting. I was actually at Pershing's Investor Presentation in New York last year as I'm a shareholder. What'd you tell Dick Fuld in your letter? Pershing is definitely a smaller firm than Lehman, and I didn't want to do something as brazen as asking for a job/internship offer, but some boldness is necessary obviously.

[@dogestranding5047]

@@nikkyaide8864 That's a really impressive story. I also don't go to an Ivy League, but my passion has been for investing, business, and related subjects for years now, so I'm trying to "break in." Do you use any other social media by any chance? To directly message you. Thanks.

[@rashishmaheshwari1]

@@nikkyaide8864 Yeah sure I am gonna try it, thanks for the advice. Just one question, when you wrote to Dick Fuld how old were you and what was your academic achievements back then? Like did you have any experience or did you have any bachelor's degree because right now I am in high school.

[@rashishmaheshwari1]

@@nikkyaide8864 Thanks for the advice, I hope that someday I get a change to work at Goldman or Pershing Square

[@ethanrosenthal8268]

He kinda sounds like Sheldon from the big bang

[@JRealTrades]

asymatric bet, i’m a scientist fund manager 🤪😂🤣

[@pongfoong8760]

Do covid do wrong

[@johndingleberry6856]

daddy

[@joebloe1401]

I don't believe him! He looks like a weaselly scoundrel - a snake in the grass; I think the markets is going to tank and he knows it!

[@RocknRollDina]

towards the end all that rant about social justice and equality is BS. He supports jewish organizations and that's it. Which is fine to take care of one's own. But he's bs-ing

[@loveanimals-0197]

What a mong. His idea of a quality business is Lowe's. LOL.

[@dmitrijsbeliks1650]

He made a few funny jokes, interviewer haven't even reacted. I really feel like he was just waiting to ask another question. Weak interview of a genius investor.

[@jeffheinzel1977]

Bill Crookman

[@KIMMsTV]

Drama Queen ....

[@johnhetherington8830]

TOTAL SLIMEBALL

[@mikem2937]

Ackman is the biggest weasel investor that I have no respect for. 👎👎

[@galaxyone3524]

Piccolo-Printer\\ for USD California raisins.. MLWC-biz The CTRY consists of 197 members; so we need some Finances.. 400,000 Printers-ltes

[@galaxyone3524]

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