Bill Ackman and Niall Ferguson engage in a Q&A session, discussing topics ranging from higher education and the renaming of UATX to Austin University, to the US-China trade war and its economic impact. Ackman shares his views on Harvard University's financial challenges, administrative bloat, and handling of anti-Semitism, contrasting it with his support for Austin University's mission. They also explore the role of government funding in universities, student loan reforms, and the potential for technology, like AI, to enhance education. The conversation touches on investment strategies, the importance of competition in education, and the need for universities to have "skin in the game" regarding student loans.