#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech

Lex Fridman Podcast

This podcast explores the key lessons in investing from Benjamin Graham's book, "Intelligent Investor," including the distinction between price and value, the difference between speculation and investing, the importance of thorough research, and the identification of non-disruptible businesses with strong competitive advantages. It also delves into the evolution of the music industry, the challenges of AI investing, the role of activist investors, and Bill Ackman's personal experiences with investing and battling adversaries. Furthermore, it covers the controversies surrounding Harvard University's response to the Middle East conflict, the plagiarism allegations against Neri Oxman, and the impact of defamation campaigns on entrepreneurs. It concludes with discussions on the challenges facing the United States, the concerns about President Biden's health, and the importance of succession planning.

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