DealBook 2016: The Long and Short of Activist Investing

[@Bmayo27]

To quote Buffett; "Over the years, a number of very smart people have learned the hard way that a long string of impressive numbers multiplied by a single zero always equals zero."

[@npmau5119]

amazing quote, shows how one bad investment can ruin your reputation

[@alexanderleo6809]

I don’t get it

[@jatindhamecha2725]

@@alexanderleo6809 learn math a little bit. It's good for your health.

[@landryderrick6851]

you prolly dont care but does any of you know a trick to log back into an instagram account? I somehow lost my password. I love any help you can give me!

[@kysondawson8347]

@Landry Derrick instablaster =)

[@MD-hx3wf]

"I don't get paid, I sit here for free, so I can be honest here".

[@rkr894able]

:D

[@iceman0007299]

That's not what he said (unless I haven't gotten to that part yet and there is another similar part but I can't wait to call you out, sorry)

[@solimansalem7719]

You need to watch all the way through...

[@yasht7957]

@@iceman0007299 should've waited

[@jeffrejr1]

Every successful man has had a great loss and came back from it. -Bill Ackman

[@henryaduma6014]

2.7 BILLION!

[@jeffrejr1]

@@henryaduma6014 we shall see what the losses are in year and a half. He cashed out last year on a previous fund. His new fund will probably have a 5 year cycle.

[@exoxy]

- Isaac Newton

[@tomspeed3354]

by market manipulation

[@jeffrejr1]

@@tomspeed3354 oh yeah he's completely rigging the game

[@nickbarrodrums]

I just wanted to say... Bill's and the interviewer's suits are on pooooint

[@knamon864]

NickBarroDrums True

[@billyrussell1511]

The shoes even more so

[@jeffrejr1]

With that sort of coin you'd hope so.

[@shareemibitsfala5534]

They are damn good

[@simondunlop656]

NOONES LAUGHING AT BILL NOW, BEST TRADE OF ALL TIME LOL

[@krismine99]

Absolutely, pretty incredible

[@harrisonberman6731]

The intro aged well

[@conchita416]

Here in 2020 and it’s all happened just like he predicted. Great judgement Bill!

[@berlinglasper5364]

🤣

[@Eline_Meijer]

What happen? Are u stupid?

[@USWMONews]

Bill Ackman for president!

[@bindoe4001]

I hope he won’t short the U.S =))

[@AnnaLVajda]

The guy is laughing all the way to the bank.

[@BrianDeRosa]

Thank you for the prompt upload!

[@Fedora_JP]

would love to have an update on Ackman's views on trump

[@user-ql3ws5uz1d]

He talks really sharp

[@JAlexandrG]

He's incredibly intelligent and articulate. He's impressive - even if you don't agree with his methods, or find him to be disingenuous

[@anonymousonlineuser6543]

Off-piste is a football analogy? I am a skier , I live in Europe and I am now really confused.

[@dogestranding5047]

Sounds like a fencing analogy.

[@wadut7261]

Did I just spot a fellow Austrian? Griaß di?

[@starkest]

wow, this anchor pulled off a really great ending

[@Bmayo27]

Andrew Ross Sorkin is flat-out the man!!

[@Cooliewhistles]

Things nobody with a brain says

[@YyNRCyY]

@@CooliewhistlesI assume this is the interviewers name. A tool. That’s how he portrayed himself from the 12 min I’ve currently seen. The daily stimuli of engaging in conversation with these multi billion dollar fund owners has inflated his ego. I appreciate the subtle jabs bill has made so far, watching the interviewer deflate, only to attempt a pitiful retort.

[@romanlepricon]

You could almost hear his spine crack in this

[@dd_grape]

Money and its men are much more honest than media and politicians...

[@BTom16]

I wonder if Bill Ackman is still bullish on Trump.

[@dogestranding5047]

Listen to his latest interview with a Brazilian businessman. It sounds like he is-- he thinks that Trump can do good things from time to time, but that he's volatile. He thinks that Biden-Harris is further left than Biden-anybody else. It was uploaded less than a month ago I'm pretty sure, so just type "Bill Ackman" on your search bar and set the date posted to "this year."

[@wittenstienspavlov3699]

@@dogestranding5047 Trump is the greatest, wow the great, did i say great! i mean GYNA, best of all time. Bill is trash look how he votes.

[@theunreasonableman8758]

Obviously he’s position was right the whole time.. Looking at the current state of the next government now...

[@reardelt]

Bill is so right. Corporate taxes are too high in the US. Which rich country pays 40% in corporate taxes? The UK, which is more socialist than the US, has a rate of 20%. Check the rankings - en.wikipedia.org/wiki/List_of_countries_by_tax_rates

[@A7sde]

Ackman’s watch???

[@Gindaman999]

Side note: One of the serial produced watches from Patek that are hard to get. There was a movement error first time it was introduced and was not available to market for about 2 years after the introduction.

[@gin8505]

Rocking the beautiful timex piece 😍

[@missmarymac4432]

Does he regret his comments about Trump?

[@ev6304]

Icahn is basically propping up Herbalife

[@ArthurMoore-ii8nn]

Ackman as a New Yorker knows fully well that Trump is a buffoon and complete moron. But he has to praise him to ensure tax cuts and other things for his firm.

[@andrewmakin8151]

business happens in a country, a country is not a business. a country is a shared culture. culture is the synthesis of economic activity, social structure, and relationship with all resources. to me, the position taken at the beginning of the interview by the right hand side of this discussion as we’re looking at it on the screen, is flippant, and has been proven so.

[@jakebaldwin7172]

You aren't as smart as you think you are

[@bruceangel4459]

Anyone else notice when the tech titans shifted from hard dress shoes to sneakers? Answer, when they discovered the power of daily brisk waking. Practice the art of daily brisk walking for the mathematical benefits that payoff like compounding interest p.

[@camilaclothing9764]

both Bloomberg and John Oliver supported Hillary and publicly bashed Trump....just saying

[@Unknowledgeable1]

7:05 Looking at what we do: (pre 8:47): what is financial engineering, and why is it a criticism? 9:30: 15:00 A spectacular deal 22:15 another short 27:35

[@emmafuentesbaltazar8801]

Love you too all People godbless Jesus name Amen Ama

[@rkr894able]

Now Market is super unpredictable. Bill Ackerman ftw!

[@brickstunram9391]

Ackman comes off as considerably more aggressive in this interview. I suppose it's because of the valeant Herbalife fiasco? I mean those loses can't sit well

[@irs6345]

in simpler words , to become the type of investor that Ackman says he calls himself , is basically first u gotta have a bit of money know what ur doing to rebuild or save or make a business grow get out of bankruptcy etc lets do a example , so lets say that ur a investor trader or businessman and u have $50,000,000 so u have the money u got the house the cars the big life u can retire and just chill or u can turn that $50,000,000 into $500,000,000 so u find a company and look at its balance sheet or whatever papers u need to for what business u are valuing and what u need to find is A. a company like Enron or B. a company that is undervalued and , so lets say u find a company that is undervalued and lets say company XYZ has $150 billion dollars in cash and u say thats alot of money what can they do with it so u search up there stock on whatever trade software you use and u buy $25,000,000 worth of there stock , that gets the companies eye and then u write a letter they dont reply so u go to the news and say that they have too much money just lying around and they need to create a shareholder buyback program and they say why and u say that the stock will grow much faster and it will be good if they dont then there price will be undervalued and it will hit its value years many many years later than if u created the buyback program , so they create a buyback program and 1 month later for example company XYC went from $75 a share to $150 a share , this is bill ackman's investment style and it profits very much.

[@_thomas_xc]

March 2020 !

[@mohamedrafireporter]

WELCOME Dr's.

[@lancekaplan8022]

WHAT ABOUT HIS SPAC GODDAMMIT

[@Eline_Meijer]

This aged well

[@wittenstienspavlov3699]

Im Bullish a corporate Coup was going to happen lol

[@marcoslopez2132]

bill "i woke up in the morning" ackman

[@soccerlovin1]

Lol. That moment when Trump hasn't passed a single bill and Democrats won the budget deal.

[@lucasmoreno5330]

This is the interview I was waiting for to see if this guy is the real thing. The fact that he got trump so badly wrong speaks volumes of his credibility.

[@jakebaldwin7172]

LOL his credibility is fine. You haven't done 1% with your life of what he has. He made the greatest trade of all time and you can look up his 13F right now, it is pristine. Be humble, bum.

[@hungcapitalll]

He didnt get trump wrong. Policy wise, the current administration hasnt changed much of what the trump administration set in place.

[@prism8289]

Well, so much for the Trump predictions.

[@-Zardoz-]

What do you mean? He was correct. 2020-2021 biggest bull run in history.

[@prism8289]

@@-Zardoz-preceded by the near biggest collapse in history.

[@-Zardoz-]

@@prism8289 what was the near biggest collapse? You mean rn?

[@JerseyCapper]

CMG down 30% since his call on it in this video.

[@dogestranding5047]

@Julian Kleene The guy who commented is just a trader and doesn't think about the long-term implications.

[@harikrishnanchandramohan4209]

He is like the good looking version of jeff bezos.

[@garryprendiville8127]

No idea why this popped up in my feed but I just lost a boatload of respect for Ackman. "Ivanka Trump...it's hard to produce children of that quality"...what the actual fuck??? Have you ever heard her speak???

[@CaptainPlanet007]

Wow how Bill was right! #Trump2020

[@sbtopjosh4098]

32:50 went "Offpissed"? "Offpeaced"? "Offpiste"? Never heard of this football analogy before. Or did he mean "Offside"?

[@ml3846]

yes hes saying off piste, means to do something not normal in UK slang, book definition is a snow ski term

[@Lxgendz]

Infrastructure ha 🤣

[@hoodbabyrahrah8563]

2021 and it’s 45$ lmao it didn’t work #kennyg take notes

[@gkundo]

let's recap on these bold statements...

[@SuperSterling]

“You know...It’s hard to produce children of that quality” 3:20... really guy?

[@TonyTrupp]

The stock market appreciated more during obama, even if you ignore the covid crash. Trump also added $1T to the deficit, after it was reduced by 2/3 during the obama years, also before the covid crash, now spiking up to $5T+. He made no serious effort to push an infrastructure bill through, even though that’s the main thing he promised during his acceptance speech.

[@alexisleclerc595]

During obama we had a bull market so that makes sense

[@alexisleclerc595]

1tril is for your stim check and also to pay the people who didnt work, unemployment etc

[@Fedora_JP]

@@alexisleclerc595 bull market hasnt really ended yet

[@Fedora_JP]

dont give too many facts, doesnt fit the narrative.

[@TonyTrupp]

@@alexisleclerc595 No, the $1T was added to the yearly deficit even before covid. After covid the 2020 deficit has gone up by more like $4T.

[@LA_BIÈRE_CHAUD]

He couldn’t have been more wrong. This guy just made $2.7 billion by shorting corporate bonds thanks to Trump’s idiocy.

[@-Zardoz-]

Hilarious, 2020-2021 was the highest bull run in history. People like yourself are such pathetic toolbags.

[@SuperTimeStretch]

Lol, this didn't age well.

[@aaryareddy9511]

On so many levels

[@DoDavidDo]

Indeed it didn’t

[@AnnaLVajda]

How so? That was his experience up to 2016 and then he had a 2.6 billion windfall recently.

[@wittenstienspavlov3699]

Oh it aged well like a fine $4,200 bottle of rothchild wine with inflation along with it.

[@bruceangel4459]

Don’t believe the hype about diversity, equity and inclusion in tech.

[@frontierseeksvisioningod]

He is not as smart as I thought. His loss is too big from Valeant..

[@dogestranding5047]

His fund is still beating the S&P since inception. Most hedge funds can't do that.

[@adamyatripathi2743]

I bet you're feeling pretty stupid now. He won the bet on Herbalife and made a 2.6 billions in a month.

[@CaptainPlanet007]

He made $2.6bill in a single bet off of only $27mill. You are an idiot! 😂

[@frontierseeksvisioningod]

I posted it 3 years ago..

[@MediocrePap]

@@frontierseeksvisioningod Which begs the question -- do you still regard Bill Ackman the same way today? If not, what does it say about judging someone's capacity through a single action (i.e. Valeant)?

[@vasupatel8924]

GENERAL ACKMAN is still bullish

[@wittenstienspavlov3699]

Bill is bullish when Covid won't hurt his positions.

[@kallonmei4882]

Trump comments did not age well

[@JerseyCapper]

LOLLLLLLLLLLLLLLL

[@_nickatnite_]

You can be successful business man and be conscious of the people working to make you rich or you can be a selfish jackass like Ackman. People like him think of the economy as a game for their benefit with no acknowledgement of main street.

[@jakebaldwin7172]

Cry more little biotch he's one of the GOATs

[@MonstaMunch101]

"The United States is the biggest business in the world" This is demonstrably false by any metric you could plausibly use.

[@dndjsdhdjhdeb2485]

GDP?

[@Cogniche]

Oooohh you’re so smart using fancy words but unfortunately you’re wrong. It’s retained the largest economy since 1871.

[@MonstaMunch101]

@@Cogniche In terms of GDP in PPP, China is the largest economy, with a GDP (PPP) of $25.27 trillion. Read a fkn book morons.

[@MonstaMunch101]

@@dndjsdhdjhdeb2485 See above. GDP in PPP is the current standard metric, and China has you beat. Next?

[@dndjsdhdjhdeb2485]

Monsta Munch what about GDP per capita, you really think it is impressive that there GDP is higher because they have a much higher population. The wealth and business is not as concentrated as the U.S.. Out of the bigger country’s the US’s GDP per capita is unmatched. The average person in the US makes 3-4 time more then the average Chinese person.

[@lnhart7157]

This has aged extremely poorly

[@maanavchellani7115]

Why?

[@wittenstienspavlov3699]

@@maanavchellani7115 wow no wonder the downvote button was canceled by google aka Alphabet.