How to invest | Bill Ackman and Lex Fridman

[@LexClips]

Full podcast episode: kzbin.info/www/bejne/hpiqfJupjM2Iq5o Lex Fridman podcast channel: kzbin.info 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.

[@OsvaldoMiranda-g4h]

SO glad you released this video in particular Blcktken300. I was accumulating AR and then saw your video last year saying that you see Blcktken300 may hit 300-400 and then you changed your view. Great and very informative!!! Thanks

[@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

[@Slaxsvo]

He’s asking basic questions. You’re a disappointment.

[@ethereal_47]

not me over here being jelly :( do you think that your hedging industry is more reliant on esoteric ideas like Elliot (ex:) who believes that the market's pattern is a function of human action, fib levels, merkles, etc, cryogenically encoded in the unfolding of time, or that transmitting data in the most efficient manner (starlink, Tononi/Koch/Penrose/Gallimore/IPFS/blockchain etc) will always be the most competitive 'edge' that yalls quants have for the cheapest/most efficient predictive analysis of money flow f(x)=time to transact, integrate, interpret and act upon such a dataset? It's as if money moves and their inherent movers are merely decodifying mechanisms used by those that possess enough money to access the output or observation of this data are merely solving the prisoners dilemma, in a stepwise manner, at the expense of the prisoners, and for the profit of those that can access such an observation.

[@carlos-ee6vv]

Yes i notice that.

[@mateus8676]

The janitorial staff also work at the hedge fund but aren't insiders lol Bill Ackman is an insider as is Warren Buffett... YOU (if you actually do work at a hedge fund) don't even know what management talked about last week

[@PepeXD-gz5ho]

Do it. Blcktken300 already in my bags. I had a Blcktken300 after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.

[@JonathanBlancoAmbriz-ek8ri]

Thanks for the update, what are your thoughts on Blcktken300?

[@blogistics6009]

Tell me Bill doesn't look like Jeff Bezos with hair

[@NotLikeUs17]

Minus the lazy eye and maniacal laugh.

[@USASMR-o2c]

😂😅

[@Matt-yz3iq]

Hair and no roids

[@cynthia-jo1zz]

Too much Botox and face lift😘😘😘

[@Ciao12366]

Holy shit sooo accurate 😂😂😂

[@calebharris4127]

Sucks seeing so many bots on investing videos, especially on someone so popular. Common KZbin wtf is this?

[@akapoka8732]

I think the bots especially target videos related to finance because they probably get the highest amount of biters from desperate wanna-be somewhat (or completely) delusional “traders”. I don’t know who falls for it but without fail they’re on every finance video.

[@sethdanielw]

@@akapoka8732 That makes sense. The only thing that I see with a comparable amount of bots is instagram model pages. Their audience is even more desparate.

[@Jasedadon82]

Bezos ain’t slick with that grey wig on😂

[@alexanderalcantara3932]

Blcktken300 has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership

[@YeseniaCanogarcia-cj1qg]

What side are you on as Blcktken300 divides the wealthy from the poor?

[@gilbertorebollartorres3230]

Just swapped all of my last ETH and swapped it into Blcktken300 . Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!

[@LeobardoTorresmichaca-gs3kl]

Blcktken300 has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures.

[@OsvaldomisaelSantos]

Wasn't Alex Becker a private investor for Project Blcktken300 . It's been killing it lately. Do you think it's still got room to move.

[@and_metatheory]

An aspect of how music will change that's often overlooked is music theory itself, what constitutes a note and how they're defined and organized, the actual distances between notes, what makes them sound different and good together....or not. The western music system (12-tone equal temperament) isn't the end all be all, it was the most general use scale that could be standardized before technology existed. I can't begin to express how much more sophisticated music theory can be on a digital interface than a wooden flute, but we can start by using harmonic intervals (just intonation) in an intelligent way. I've already programmed an instrument that helps you build custom scales, but when it becomes intuitive and not a tedious process to the user, it will be incredible to behold.

[@joseantonioacevesgarcia2848]

Need more Blcktken300 content. Converted my ETH to BTC but kept my Blcktken300

[@Gmarbry200]

SCAM

[@MidwestRando]

Cmon bot try harder

[@shippenman5977]

Real Estate value investing. Price& value. Father taught me, you make your money when you buy, not when you sell. If you cant buy it right, dont buy it. That simple philosophy has served me well.

[@BusterDarcy]

I mean Mozart is forever, too, but your returns on owning mozart’s music dry up eventually. How entertainment is monetized and who benefits most from that monetization is changing rapidly as well. It could be major labels go the way of newspapers and magazines, as big tech takes a bigger and bigger slice of their profits. Nothing is forever.

[@emmanueloluga9770]

4:55 - This is the Cue that I was always on the right Track!

[@christopherherbert2407]

Letting emotions, like fear or greed, drive your investment decisions can lead to poor choices. It's important to stay calm and rational, focusing on long-term goals rather than short-term market fluctuations.

[@sebastiaanthijn7982]

Investing without a clear plan or goals can lead to aimless decision-making. Define your objectives, time horizon, and risk tolerance to guide your investment strategy.

[@gavrilgeorgieva842]

Everyone makes mistakes, but learning from them is key. If you're unsure, consider seeking advice from a financial professional who can provide personalized guidance.

[@andrefontaine3058]

Investments should align with your long-term goals, risk tolerance, and timeline. It's never too early to start planning for retirement, and regular contributions over time can make a big difference.

[@hillarybriggs2561]

Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $800k in stocks. However, l'm uncertain about how to minimize potential risks.

[@finnnagner1755]

Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.

[@corey407woc]

Or just invest in S&P

[@DynamicUnreal]

For the average man, yes. For investing geniuses, no.

[@notyourtypicalfarah7194]

​@@DynamicUnreal those geniuses rarely beat s&p 500

[@DynamicUnreal]

@@notyourtypicalfarah7194 I don’t know who you are talking about but those aren’t geniuses. I’m talking about people like Peter Lynch, Bill Miller, and Warren Buffet. In Buffet’s you case he grew his wealth 3,000,000% while the S&P grew 24,000% during the same time period.

[@RyanMillerFit]

@@notyourtypicalfarah7194 correct! It's sad how many people are paying for active managers and advisors who lose to the market over and over and over.

[@salonsharma5287]

@corey407woc they do beat they do. It depends on the economic cycle America is in. For example, if the interest rates are high these investors strain from investing much, therefore, lowering the returns. To understand their returns, we really need to look what they are doing, also it’s a long run approach, so precautionary measures like managing funds according to possible near future economic downturn is also considered in the process.

[@erichvonmolder9310]

If you are 22 and put in the MAX into your 401K a year, by the time you are 60, you will be a multi-millionaire. No genius expensive investment guru you need.

[@shaunwilliams3387]

especially with a good company match!

[@Valueandtime]

Right. Just pay all your bills, stay healthy and work for 58 years

[@acebliss5263]

Not to mention if inflation and ultimately purchase power doesn't tank your cash equivalent investment

[@Slaxsvo]

@@Valueandtimebetter than what you’re doing: nothing

[@frkkful]

what is the point of waiting till 67 to be a millionaire? all your prime is gone. 401k, like social security is a scam.

[@Seanpfree]

Don't let Ackman fool you, he'll happily destroy lives for a buck.

[@joseangel5624]

!? Can you elaborate?

[@benhowell5790]

Stack sats!

[@adamdunlaptv]

Yuuup. It’s so easy

[@AmanGoelish]

Any publically listed companies that has artists and their labels licensing ownership?

[@ryankowalski3670]

"people won't listen to computer generated music"

[@andrewrichards188]

Ai generated metal exists on KZbin and is pretty solid

[@benjamindorge5936]

Bill provided a great summary of value investing

[@ZeroDayPrince]

Thank you, Lex, for this clip!! God bless 🙌

[@eman7282]

Step 1: get inside Step 2: get the info Step 3: use that inside info to your advantage Step 4: say you made it

[@ejakabatcheej4974]

Or get elected to U.S. congress

[@kyawhan7917]

Takeaway: The Beatles, Rolling Stone, Hamburgers and Fries are forever. Thank you, Lex.

[@Blashmack]

Bill Ackman = Beff Jezos

[@kimtreasa]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

[@keithfletcheer2156]

that requires a fair amount of research and good market timing

[@willchongwei]

​@@keithfletcheer2156 No. No it doesn't. At all. You bots everywhere.

[@thomaswhiddon9124]

Wwith the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.

[@kimtreasa]

I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?

[@thomaswhiddon9124]

Determine your risk tolerance first and foremost. Be aware that it costs money every time you buy and sell a stock. A lot of people think they can make a nice profit by buying a stock when it dips down a little and then dumping it when it recovers but they fail to factor in the considerable fees the brokers charge you to place your orders Also be aware that it's basically gambling, it shouldn't be done with money you're going to need in the future, consider whatever you invest already lost

[@CuriosityIgnited]

Ackman's distinction between price and value, along with his emphasis on understanding a company's fundamentals over speculative trends, is a critical lesson for any investor. However, while the focus on long-term value creation is commendable, the discussion somewhat overlooks the dynamic and evolving nature of markets, especially in the context of technological advancements like AI and its impact on industries such as music. This oversight could be seen as a blind spot in an otherwise insightful conversation. It raises the question: Can traditional value investing principles adapt to the rapidly changing landscape of the digital age?

[@AlexCorral-c4b]

Truly love your candidness, I DCAed today again for BTC Blcktken300 and ETH

[@user-fs8tl7ni1w]

You surely can have property rights in AI, but that’s not the same things as treating AI as having full rights as a person under the Constitution. It will, at most, have rights under the law that are analogous to that of a corporation. Take note of the etymology of the word corporation: body.

[@xpicklepie]

Just buy an index fund.

[@Valueandtime]

I love these boomers when they joke about crypto. Meanwhile bill is dumping overvalued evaluations on retail buyers via SPAC's (fancy IPO's) that all crashed.

[@nikhiljoshiPi]

Jewish Jeff Bezos with hair 😂

[@JeffEpstein28482]

Love Bill, he is a great buddy of mine. Not as sharp when it comes to asset management, but a good fellow nonetheless.

[@bboyscam9727]

People fell in love with Billy Joel’s new AI song! So there is that.

[@aureliobjm]

Hey Lex, I have about $120k invested in NVIDIA/TSLA stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns. Can you help me?

[@fredm1]

Market strategists are more qualified to offer such specific counsel because the possible benefit increases with risk. So you should consider working with someone reliable.

[@georgeh.5126]

Agreed, which is exactly the reason I stopped taking advise from KZbinrs; in the long run, I only end up with a jumbled collection of stocks and bonds. Whereas all I needed to earn over $400k in less than 2 years was guidance from a true market strategist. You should consider that option too.

[@MarvishaN]

@georgeh Please how do I find this financial counselor ?

[@georgeh.5126]

Sure! She goes by 'HEATHER LEE LARIONI'. Just research the name. All of this happened in less than a year after she told me what to do.

[@MarvishaN]

Just ran an online search on her name and came across her website; pretty well educated. thank you for sharing.

[@User-actSpacing]

Price vs value.

[@TheDarkchum1]

Solana, Avalanche, Polygon, Chain Link, Cardano, XRP, Flare, ICP… it’s going to be a great year… 💰

[@shirishgone]

I probably disagree with "Nobody falls in love for a computer generated music." For most of the songs i listen to, i don't even know the artist. I just listen because it's great. It might be coming from an AI in future, who knows.

[@Hi_Chew]

Bill is one of the best, however, don't understand why he invested in google.

[@travistarr9433]

Have massive short positions at beginning of covid. Let CNBC give you 15 minutes to basically say the entire thing is going to collapse and world is coming to an end. Make billions but the real regret is not making a bigger bet on collapse of stock market.

[@jormungand72]

are you sure this is Bill Ackman, it looks like Wyatt Man to me

[@carlos-ee6vv]

Universal Music operates like a financial institution, acquiring the rights to artists' music and their identities without actively contributing to the creative process. In this model, they generate revenue without the need for artistic input, making their position easily replaceable, akin to how a bank can swiftly substitute personnel.

[@Joe-o3n7b]

Everything is forever

[@FlemetAeton]

To add about using AI for music artists, League of Legends, aka Riot Games, has experimented with this. They made a game character, Seraphine, with an online presence and everything. It worked out quite well.

[@AshliMartinez-o1b]

institutional buying into Blcktken300 could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.

[@YodpilotID]

He looks like Ted Beneke from Breaking Bad

[@carpusmediainc4766]

Value investing.

[@icandy5593]

Bill's real investment tip are: 1 take a short position on a company and do everything to destroy it. 2. Pump and dump

[@kaspan5]

I dont understand how people can think robots can become sentient or have consciousness. Isnt biology a required element for consciousness?

[@lifelover69]

our understanding is too limited to definitively say whether something is sentient, has consciousness, or is alive

[@Blashmack]

What is biology? If you recreate a brain down to the single cells inside a computer, a powerful computer that simulates it perfectly, it would be the same as a biological brain.

[@erichvonmolder9310]

Biology may not be required or a mixture of both biology and non-biologics. Who knows.

[@eMMzYBa]

@@Blashmackit may have a mind but no soul or true body

[@Blashmack]

@@eMMzYBa Soul not scientific and "true body" is a very loose definition that depends on who is defining it.

[@ibosley]

After watching the whole interview Mr. Ackman seems like a nice man. However, he is in no position to give investment advice after the whole Valeant thing. In my opinion.

[@keenheat3335]

i think his private equity style of investing only work on distressed company, not already healthy company. His firm tired out oust my old company's ceo and replace 2 of the board members with his picks. But unfortunately for him, my old company was already plenty profitable with plenty of margin and most of the existing shareholder prefer the steady safe growth over many years approach instead of the risky but high growth path. After 1 years of slander campaign against my ceo, he lost and exit the investment. The funniest part is ackman still try to get in a last word when his firm was leaving, "at least i made some profit on my investment in this company". Pretty funny for riding on someone's coat tail. I think his firms just too used to treat distressed company like a sht and not used to corporate politic politely in a healthy company, when the other party don't really need your money. In a healthy company, the company is doing you favor by growing your money that you cannot grow as fast your self. So in this frame, ackman's firm need to act like a salemen for his money instead of acting like bad boss that dictate everything. Another episode of ackman that leave a huge impression on me was during peak of covid. He went on television telling everyone hotel and travel industries are all going backrupt and everyone should sell. A couple months later, sec filing indicate he was buying out huge amount of hotel stock at the time he was crying wolf on television. This is when I understand while ackman can certain be a nice person in private life. In public life, he will use whatever underhand mean to lie and cheat his way to getting more money. From that point onward, I just assume every one of his public media appearance, he's planning to manipulate and cheat you on something

[@Scammmeralert]

You drive a Lexus... U are in no position to comment on KZbin

[@ibosley]

@@Scammmeralert bud that’s a still from a video I filmed about 16 years ago of a girl making a 32 point turn to get out of a parking spot. I don’t know why it’s my profile pic 😂

[@JoeMamaBesser]

Japan has been watching computerized artists on stage for 15 years.

[@FlemetAeton]

Am I the only one who doesn’t care who makes the song, I just care that I like it. Makes sense why I only seem to like 1-2 songs per artist while many people I know like entire albums 😅.

[@blaquikjrz8212]

If Blcktken300 has the growth as it has atm then no doubts it will dominate the industry

[@the.firefighter.realtor]

PSTH was supposed to be Universal Music Group but… someone took the money instead

[@strchild3]

Exactly. Ackman is a wolf in sheep's clothing. Dumped turds on the people.

[@EmelitaTahum]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to Alvarez Micheal, my portolio is doing really great and im proud of the decisions i made last year.

[@EmelitaTahum]

He's always active on....

[@EmelitaTahum]

Nice😊

[@EmelitaTahum]

gram, that's it

[@EmelitaTahum]

@Michealjalvarez 😊

[@EmelitaTahum]

OFTEN USES TELEGRAM

[@limit-breaker876]

You have to have Icahn on now

[@Immigrant312]

This dude hasn’t heard of EDM

[@jujud5224]

AI will mess the music business.

[@latorregolf]

#1. Get your snout close to the free money trough as possible.

[@alshermayorga4435]

I was sure last year would end terrible for me but I think Blcktken300 is spot on with what they do and how they do it. Cant say for how long its going to work and for sure it is overyhped right now but even if just half a year or something it would be smart to ride the wave and then jump away eventually, but the reason why this is smart right now is because its so cheap, wont ever find a better entry than now

[@fdllicks]

Investing is easy. Open Vanguard account. Open trad ira. Buy Vug or Voog. Leave it 20 yrs.

[@atavismtv5013]

The most important thing you can learn from an interview with a successful investor is which shitcoin to buy next - which you can discover by reading the comments.

[@NightNurseMike]

People have been making music for thousands of years, but people only seem to listen to and make lots of money off modern music. does anyone make money off of any songs that are 1000 years old? Can you name some makers from two or three years old?

[@GaryLee123]

Buy Bitcoin

[@Bobbbbbyhigh]

Did he talk about investing at all?

[@soundsnags2001]

Yeah, he said to buy Bitcoin.

[@777Nardo]

Investing isn't about losing money but hopefully you win. Let's talk about AI and EDM.

[@karmicpower]

Universal is not really the best example of Graham’s / Buffet’s method 😂😂

[@felipeochoa1662]

invest like he did in herbalife and how he lured investors to invest in PSTH

[@GucciGoblins]

"UMG is in the business of helping artists" 😂😅 Lmao bhahahha, NO?

[@69pepe420]

Buy Bitcoin - that’s all

[@PeterRanieriII]

Dumb investment, nothing is forever

[@Psylliumhuskie]

Hedge Funds are the destroyers of worlds. Don’t let this silver haired siren fool you.

[@JeffEpstein28482]

How exactly do hedge funds “destroy” the world?

[@pnisflytrap1]

He looks like a mix of bezos and a Simpsons character

[@timmmyboi2006]

4:18 he just admitted what he does for a living is a word sandwich

[@qwerasdfjkl1990]

Sounds like they never heard of hatsune miku

[@tomtozer1975]

Love u Lex

[@ibrahimseth8646]

Payout(30 Year)=1000B { Loan(30 Year)=1000B } Insurans: Premium=? Yield(30 Year)=1000% Premium=1000B/1000% Premium=100B Now Yield=8% Payout=1000B Loan(30 Year)=1000B Yield=7% Loan=1000B/1.07^30 Loan=131B Loan=131B { Premium=100B Extra=31B } Thank you.

[@gary1973video]

that modal is responsible for all the garbage music today. Thanks Bill

[@PepeXD-gz5ho]

Investors, let's decode Blcktken300 potential!

[@Angelhak2023]

Blcktken300 trajectory is fascinating. Share your insights!

[@nikovenag4110]

Ackman is a ruthless guy. For the young investors - do not believe a single word! Research every word coming out of this guy mouth. Start with: "Why this guy talks about how to invest? if everyone does what he does, then it won't work anymore right ?"..

[@NightNurseMike]

Gorillaz made a lot of money without ever showing their face.

[@nahunsegundo1307]

Swapping my ETH and swapping to Blcktken300 . Already up as expected. I wish I left on all the junk way earlier to step deep into this ride, they rock!

[@agirlship-hopworld4256]

Proof of work. 21m

[@cashmerefire7335]

If you look up Hatsune Miku you will see there already is a globally famous synthetic artist that people are in love with. And even attend her holographic concerts

[@cashmerefire7335]

And that's way before AI

[@krestmarketing]

Didn’t this guy get bailed out like three times, including the fed twice.

[@neilaleksandrov2655]

Music whos creators are now dead should be part of the public domain as part of our shared human cultural heritage, not a consumer good to be used for profit by profit seekers. Gotta love how Lex sees through Ackmans lack of depth with one simple statement: "The Beatles, The Rolling Stones and the Hamburger and Fries are forever" hehehe what a take away...

[@Danny0dbert]

Invest in the American military industrial complex. Especially during peace time. Once america goes back east youll cash in.

[@dixonpinfold2582]

The Rolling Stones aren't forever. Is even 1 in 500 teenagers today a fan? They'll go the way of Elvis Presley: famous name, almost zero enthusiasts born in the last 50 years. The future of takeout burgers and fries looks hazy to me too. It's closely linked to widespread peace, freedom and prosperity. The Beatles should survive a long while.

[@jacquelinemiguez1326]

i love Bill Ackman!

[@theYoutubeHandle]

why is his hair white but his eye brows are black?

[@octaviusjohnson6243]

😮😮 This is an ADVERTISEMENT!😮😮 I stopped at 6:30😢😢😢😢😢😢😢😢😢😢

[@OffGridInvestor]

DAMN it's NEARLY ALL BOTS in the comments

[@mikeb8414]

This guy is a wanna be Buffet

[@sebastienloyer9471]

😂😂 All that is way way into the past. Now you will own nothing. Unless it's in your hands and you can protect IT. Nothing Less than that. None !

[@mikestaub]

Bitcoin is perfect money.