Bill Ackman: Dealing with Haters, My Largest Trade Ever, and Sounding the Alarm for the Government

Bill Ackman, CEO of Pershing Square Capital Management, discusses lessons in persistence learned from his parents, the importance of philanthropy, and the drivers of his ambition. Ackman emphasizes dealing with failure through maintaining health, relationships, and a balanced perspective, and he shares insights into his investment strategies, highlighting the significance of long-term vision and understanding business models. He also touches on the role of ETFs, short selling, and the potential impacts of the coronavirus on various industries, including real estate. Ackman critiques the structure of venture-backed companies, advocates for transparency in public markets, and reflects on the lessons learned from Warren Buffett.