At about 10:50 he describes the 8 criteria for investment success that sits on his staffs’ desk as a deal toy 1. Simple and predictable 2. Free cash flow generative 3. Dominant market position 4. Large barriers to entry 5. High return on capital 6. Limited exposure to extrinsic risks we can’t control 7. Strong balance sheet and don’t need access to outside capital to survive 8. Excellent management and good governance
but, if one is a normal human being without a 100 Million dollar research team, how do you find those companies. is there an easier way to choose? Microsoft looks like one. someone throw me a bone.
0:32 Why market seems to be so much higher than economies? 1:58 Why volatility is so high? 2:55 CDS deal and hell is coming.. - bit of overstatement. We commit to pay $5M for 5 years. 6:51 What would you do if the next president is Donald Trump? - It wouldn't change anything. 7:25 How did you get into activist investor besides value investor or etc? 8:55 Pershing Square. Where did you get the name? 9:41 Compound rate of return of Pershing Square? - 11 times. 16% IRR 10:17 What would you say about your mistake ( Herbal life, Valeant) - 8 principles. Moment of reflection. 11:54 Do you feel OK for confrontation for time? 13:20 Are you worried about impact of the debt? Value of dollar? Inflation? 15:16 When do you think we can out of the recession? - 21 2Q 16:42 Do you worry that this could keep going without vaccine in 21? 18:11 What would you tell both of them( Fed, Treasury )?
This is how you interview….the interviewer’s tone remained uniform throughout. And Bill Ackman is one multi billionaire that really be giving information and insight into economics and finance, he speaks clearly and straight forward, I respect that!
Watched the interview for three times. Love both of these two great minds - particularly when one was asking with a pair of eyes full of curiosity and interest and the other answering with a lot humbleness and open mind
Bill Ackman is a scumbag...You need to look into him...His "call for a market shutdown" recently made him EXTREMELY rich...he manipulated the stock prices AGAIN by going to the press and sensationalizing everything...Look into Bill Ackman...the guy is a bad guy👎👎👎
I know middle class people who’ve managed to look like this. He’s prob on a caloric deficit diet and good skincare regiment, as well as daily cardio and maybe intermittent fasting. Keeping his hairline prob has a lot to do with how young he looks too, minus the color.
David Rubenstein's initial comments on the importance of sound asset diversification and risk management cannot be overstated. I've been trying to grow my portfolio to $100,000 for some time and would welcome any other suggestions.
It's harder to build a strong financial portfolio currently, so I advise you to get help from a professional. You will then receive strategies that are specifically tailored to your long-term goals and financial goals.
@@MatthewVinson Pretty true! You don't necessarily have to be a flawless investor; All you have to do is seek advice from an expert. I started investing in 2016 and made a profit of around $900,000 in the 2022 due to compounding despite having absolutely no prior investment knowledge.
@@IAMBETTERTHANYYOU Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this advisor?
"Jill Marie Carroll" is my advisor. Since then, she has provided entry and exit points for the securities I focus on. If you want to try her, you can do so online. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
@@IAMBETTERTHANYYOU I just checked her up online, and I must admit that she has an extremely outstanding experience in investment. Thanks for sharing. I'm going to send her an email right away.
Ackman doesn't list fed QE, and govt bailouts as a reason the stock market has rallied, when it's obvious this is the main reason. Without support from fed & govt we would be down 50+%
You have trouble calculating probabilities if you think you can’t be bullish and have a hedge against a downturn... if you think the market will probably go up but if it goes down it is the apocalypse you can hedge against that... Investors of his caliber don’t think in absolutes
Risk management is number one. If you spend 95% with high risk exposure then you can spend 5% to protect the downside for that 95%. If your 95% work well, you can write off the 5%
Even billionaires appreciate living with parents. I bet it was detoxing to rid oneself of the office for a certain period of time and spend months with the most important people in life. Great interview.
I think he was saying Amazon is not purely a tech company, much like Starbucks which has tech aspects integrated into its business model and core product.
The man? You are an idiot, sir. Bill Ackman is a jerk and a stock manipulator who should be facing charges based on his recent "shut down the market" rant...He did everything he could to tank the market through his press and then profited...You really need to look into Bill Ackman👎👎👎
Yes and no you pay monthly premiums but can sell your policies at any time. He sold out after 1 month. It’s like buying fire insurance on your house, paying 1 mo premium and it burns down a week later. Versus paying for 5 years and it burning down on year 5. That’s why his returns were so high versus the big short where they had to hold the cds from 06-08 and even had to close part of their position to pay redemptions. They even stopped filling redemptions towards the end
He was indeed bullish and hence bet against the market.... Great strategy to make money & infact he made it. It needs lot of guts to do something like this and then defend
I saw two brand new babies today. One privilege and one very much at risk. It was a good experience. One on one and another within my sophisticated knitters. So Rock Chalk. I can say it was an exceptional day. Oddly I saw them in the same hour. Very unusual.
I came here to figure out how to invest, after tuning in to a guy on a radio talk about the significance of investing and how he made $520,000 in 3 month from $150k, by one way or another I am still finding it hard to understand the terms used here in this video, I'm a novice and I'm open to ideas on the most proficient method to invest for retirement.
As a 1st generation investor and considering the fact that beginners are prune to mistakes I reached out to a consultant for help, as far as my journey goes, investing is much easier when you have proper guidance, since January till now, I have made at least $200,000 in profit, not much compared to the investor you mentioned but its a good start for me.
Does any know for sure if bill ackman got a secret clearance that he just uses insider information to trade with? It’s not fair if he has insider info that he gets to trade on and then take home that profit to eat fancy foods/drive boats...
Hey David, tell us more about how you had the Bush and Bin Laden family as investors and had them at your office for an investor meeting the morning of 911 after making substantial defense investments
The fed should think of some new strategies to fund new and small to medium size businesses which are the driving force that boost the real economic growth and create new jobs rather than solely feeding the fat inefficient corporate giants
I'm still amused how he's still in the business after his spectacular defeat against Carl Icahn over HerbalLife. He lost something close to a billion dollar.
At about 10:50 he describes the 8 criteria for investment success that sits on his staffs’ desk as a deal toy
1. Simple and predictable
2. Free cash flow generative
3. Dominant market position
4. Large barriers to entry
5. High return on capital
6. Limited exposure to extrinsic risks we can’t control
7. Strong balance sheet and don’t need access to outside capital to survive
8. Excellent management and good governance
Thanks for sharing. It would be nice to write out #2.
@@leeali4096 Free Cash Flow generative.
@@YSToussef Thanks.
but, if one is a normal human being without a 100 Million dollar research team, how do you find those companies. is there an easier way to choose? Microsoft looks like one. someone throw me a bone.
How do you actually know these are the 8 investment criteria?
0:32 Why market seems to be so much higher than economies?
1:58 Why volatility is so high?
2:55 CDS deal and hell is coming..
- bit of overstatement. We commit to pay $5M for 5 years.
6:51 What would you do if the next president is Donald Trump?
- It wouldn't change anything.
7:25 How did you get into activist investor besides value investor or etc?
8:55 Pershing Square. Where did you get the name?
9:41 Compound rate of return of Pershing Square?
- 11 times. 16% IRR
10:17 What would you say about your mistake ( Herbal life, Valeant)
- 8 principles. Moment of reflection.
11:54 Do you feel OK for confrontation for time?
13:20 Are you worried about impact of the debt? Value of dollar? Inflation?
15:16 When do you think we can out of the recession? - 21 2Q
16:42 Do you worry that this could keep going without vaccine in 21?
18:11 What would you tell both of them( Fed, Treasury )?
You are a fucking LEGEND
Appreciate you big time 💯
김단테님 여기서도 대단하시네요 ㅋㅋ 레전드소리 아무나 듣는게 아닌데 역시나네
@@JuanPassiveMenis this guy is a millionare in south korea
he said 500mio pa cost though 6:11. i thought it was a mistake. 5mio makes more sense
This is how you interview….the interviewer’s tone remained uniform throughout.
And
Bill Ackman is one multi billionaire that really be giving information and insight into economics and finance, he speaks clearly and straight forward, I respect that!
Watched the interview for three times. Love both of these two great minds - particularly when one was asking with a pair of eyes full of curiosity and interest and the other answering with a lot humbleness and open mind
Looking pretty good for 54! Anyways he’s very concise and insightful in his responses. Great interview
Bill Ackman is a scumbag...You need to look into him...His "call for a market shutdown" recently made him EXTREMELY rich...he manipulated the stock prices AGAIN by going to the press and sensationalizing everything...Look into Bill Ackman...the guy is a bad guy👎👎👎
@Alex Jay Literally
I guess money really is the fountain of youth.
@@epipen22 I bet Bill Ackman takes babies stem cells with a direct injection to keep him forever young💉💉💉💉💉
I know middle class people who’ve managed to look like this. He’s prob on a caloric deficit diet and good skincare regiment, as well as daily cardio and maybe intermittent fasting. Keeping his hairline prob has a lot to do with how young he looks too, minus the color.
keep up the great work Bill! Create value, encourage support for the poor and the vulnerable in our community. stay humble. Be blessed
Wish Ackman did more interviews.
The one on The Knowledge Project was amazing. ruclips.net/video/mIS3LYxgVWc/видео.html
@@theknowledgeprojectclips Thanks for sharing this link
Thank Mr Rubenstein for this inteview Mr Ackman is a class act having his parents living with him
Security
Bill Ackman has gained a lot of my respect and interest in investment banking lately
Bill Ackman is a funny dude, goodluck with future investments, and interviews. I look forward to following your progress
David Rubenstein's initial comments on the importance of sound asset diversification and risk management cannot be overstated. I've been trying to grow my portfolio to $100,000 for some time and would welcome any other suggestions.
It's harder to build a strong financial portfolio currently, so I advise you to get help from a professional. You will then receive strategies that are specifically tailored to your long-term goals and financial goals.
@@MatthewVinson Pretty true! You don't necessarily have to be a flawless investor; All you have to do is seek advice from an expert. I started investing in 2016 and made a profit of around $900,000 in the 2022 due to compounding despite having absolutely no prior investment knowledge.
@@IAMBETTERTHANYYOU Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this advisor?
"Jill Marie Carroll" is my advisor. Since then, she has provided entry and exit points for the securities I focus on. If you want to try her, you can do so online. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
@@IAMBETTERTHANYYOU I just checked her up online, and I must admit that she has an extremely outstanding experience in investment. Thanks for sharing. I'm going to send her an email right away.
It was a 27 million dollar bet per month for 5 years. He only needed to wait 30 days to cash in on 3 billion
He didn’t have that hedge for 5 year dude lol. He had place just a few months prior to cashing out.
Two brilliant minds in the world of private equity.
Ackman doesn't list fed QE, and govt bailouts as a reason the stock market has rallied, when it's obvious this is the main reason. Without support from fed & govt we would be down 50+%
T
Nor does the coward admit or talk about hedge funds having a free federal reserve credit window
He was bullish, but he made 2.2B buying credit spreads.
You have trouble calculating probabilities if you think you can’t be bullish and have a hedge against a downturn... if you think the market will probably go up but if it goes down it is the apocalypse you can hedge against that... Investors of his caliber don’t think in absolutes
Risk management is number one. If you spend 95% with high risk exposure then you can spend 5% to protect the downside for that 95%. If your 95% work well, you can write off the 5%
Great talk
great interview, questions, and responses. very direct.
Bill never disappoints
He looks like Jeff Bezos with hair
Sounds alike too
Hah yes and Jeff Bezos looks like Bill Ackman with an extra 180 billion dollars
Omg, I can't unsee that
Phenomenal interview. Ackman’s long-term, ultra-rational perspective is especially refreshing in the midst of today’s uncertain environment.
This is the most handsome billionaire I've seen, OMG
Even billionaires appreciate living with parents. I bet it was detoxing to rid oneself of the office for a certain period of time and spend months with the most important people in life. Great interview.
🧡💛💚💙 Bill Ackman's Botox doctor needs to be tipped a LOT of money for doing such a great job on Bubby Bill 🧡💛💚💙
Somebody's JEALOUS! 27 mill. into 4 billion
That was a magnificent interview. I was on his rowing team at Harvard - NOT!
I remember hearing his 28 min segment on the radio. I pulled over to pick up some toilet paper. I almost crapped my pants. Then he become rich.
David is a good interviewer
Ackman: We made 100X on our portfolio hedge
Rubenstein- can you give our viewers a 100X idea that they can use?
Me: Seriously?
Well, one could start by not relying on CNN for the whole story.
Can’t help but to notice the bookshelves on both of their backgrounds, billionaire flex
19:32 AMZN is just the largest cloud provider in the world. What did he mean when he said it was not a tech company??
I think he was saying Amazon is not purely a tech company, much like Starbucks which has tech aspects integrated into its business model and core product.
@@aharonaryeh4049 Hi doesnt know about AWS and the complexity to create that..
he probably doesn't understand tech since his investment portfolio is mainly nontech
I thoroughly enjoyed the interview. Both David and Bill are really charming.
How can I get a list of books Ackman has there?
I also want to know that..
There’s a couple of Ackman reading lists out there.
acquirersmultiple.com/2018/09/bill-ackman-recommended-books/
This man is brilliant
Smart dude... he didn't miss a beat even with that herbalife bet
Ackman has a good skin, i think he use Cerave alot
Really
This guy is my hero.
Thank you sir, this was a really good interview. I only had some negative thoughts about Ackman but this turned it around.
Rubenstein looks like Ackman in 15 years
love the direct questions.
Ackman is the man
Not really lmao
chris Smith I think you’re a hater also
paul tight I think you’re just a hater
The only criticism is ad hominem no real merrit like him or not he’s making millions
The man? You are an idiot, sir. Bill Ackman is a jerk and a stock manipulator who should be facing charges based on his recent "shut down the market" rant...He did everything he could to tank the market through his press and then profited...You really need to look into Bill Ackman👎👎👎
Rubenstein reminds me of Jay Leno
13:08 - C'mon Ackman, stop clicking on those links!
haha i heard that too!
LMAO
fix your volume
13:08 listen carefully 😂😂😂
Is anyone else avoiding Ackman's SPAC?
Lol The bar light behind the guest at times looks like a halo!
Bill seems a lot like Jay Powell. Smart guys.👍🏽
Great and practical questions
Guy's pretty damn pretty for 54! That billionaire is getting some beauty treatments!
simp
lmao
bill ackman's appearance is like white house black market.
11:10 write it down gents it’s brilliant advice
He's speaking to fast
Keithley Jarvis slow down the speed at 11:10. Hope that helps
Respect Akman
very smart guy and knows what to do
Two Great Minds in investing , very nice info
6:11 "commit to pay $500m / year for 5 years?" is that how much the CDS cost??
Nicky Looho yes it is!
Yes and no you pay monthly premiums but can sell your policies at any time. He sold out after 1 month. It’s like buying fire insurance on your house, paying 1 mo premium and it burns down a week later. Versus paying for 5 years and it burning down on year 5. That’s why his returns were so high versus the big short where they had to hold the cds from 06-08 and even had to close part of their position to pay redemptions. They even stopped filling redemptions towards the end
Hahaha! I knew that’s where the name Pershing Square came from !!!!!
I figured the same thing!
I can only imagine the language used after you pegged McEnroe... Great story.
He was indeed bullish and hence bet against the market.... Great strategy to make money & infact he made it. It needs lot of guts to do something like this and then defend
Bill is awesome.
Thank you!
he is 54? how does he stay so healthy?
Herbalife
4frmhat xd
Smart guy! I'd trust him with my money
ACKMAN BOTTOM!! cried on cnbc , then took 2B profit on his shorts.
Genius
I saw two brand new babies today. One privilege and one very much at risk. It was a good experience. One on one and another within my sophisticated knitters. So Rock Chalk. I can say it was an exceptional day. Oddly I saw them in the same hour. Very unusual.
I came here to figure out how to invest, after tuning in to a guy on a radio talk about the significance of investing and how he made $520,000 in 3 month from $150k, by one way or another I am still finding it hard to understand the terms used here in this video, I'm a novice and I'm open to ideas on the most proficient method to invest for retirement.
have a goal in mind that you aim to achieve from investing and work towards that.
Have a tutor or mentor on standby, someone you can reach out to for assistance.
As a 1st generation investor and considering the fact that beginners are prune to mistakes I reached out to a consultant for help, as far as my journey goes, investing is much easier when you have proper guidance, since January till now, I have made at least $200,000 in profit, not much compared to the investor you mentioned but its a good start for me.
200 grand is not much? I would literally kill to have that amount right now in my bank account jk, congrats on your success.
Mr Matheo, are you still in touch with your consultant and how can i get in touch?
What’s that sound at 13:12 👀
If only if he told us how to double the money..
Why persing squer in pink sheets
Does any know for sure if bill ackman got a secret clearance that he just uses insider information to trade with? It’s not fair if he has insider info that he gets to trade on and then take home that profit to eat fancy foods/drive boats...
His name was Bill Heart Attackman but he shorted it
Does Ackman dye his hair or his eyebrows?
Where is my comment ?
How do u bet on credit or debit spreads tightening
With your credit or debit card obviously, what a question?
Bill "Hell is coming" Ackman
Cant hear it
Do better with sound
Neither of these two guys inspire trust.
The interview is dry anyway...
But it's still the best time to invest
Wow 😮 I was thinking I was the only one he has helped.. God bless him more. we are all grateful
I have worked with him for almost 6 months and it has been a win win. i am financially blessed
i am still in shock
i was able to recover all my losses and earn so much more profit with one month of trading. with Andrew Feldstein
+43 688 64896886
Whatsap Andrew
13:09 That chair sure is squeaky
Honestly , Mr. Ackman need to be held accountable for how he manipulated the market. he should not be brought to any media outlet anymore.
Step 1: short the marker. Step 2: go on TV and yell hell is coming. If only every trader can do this too
you are 100 % right
Hell was coming either way.
Rubenstein looks like a young pupil full of curiosity~😄
Neat guy.
Jeff Bezos's estranged brother
Hey David, tell us more about how you had the Bush and Bin Laden family as investors and had them at your office for an investor meeting the morning of 911 after making substantial defense investments
The fed should think of some new strategies to fund new and small to medium size businesses which are the driving force that boost the real economic growth and create new jobs rather than solely feeding the fat inefficient corporate giants
volume dude!
50 + years old and almost no wrinkles
I'm still amused how he's still in the business after his spectacular defeat against Carl Icahn over HerbalLife. He lost something close to a billion dollar.
he did just make 2.2 billion back
@@x10mark24 That's why a I'm amused.
ruclips.net/video/krhZIoB9buI/видео.html GNC, ZOOM and NG
Greatest trade of all time? 🤔
he said emotional...funny
Rubenstein you need a better microphone
Bill is always super sharp!
the way Rubenstein talk sound like he is joking all the time!
Gee Bill the Russell is not down 80%. But it's ok I'm sure "hell is coming", right?
and tennis player, next he might learn bocci
One looke like the older version of the other
One looke like the younger version of the other
He's 55, made 2.2B dollars and still lives with his parents. lol
Save yo' rent! lul
13:14, 22:20, 23:11
Seems so freaking sheisty. But good for him. Embodies our system.
11:10
0:05 you forgot "professional a hole"