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

Check out my New York Times Bestselling book, Clear Thinking. It's packed with proven frameworks and practical strategies that will give you a roadmap to navigating any situation with poise and intelligence – https://fs.blog/clear/ Legendary activist investor, Bill Ackman shares new details on the biggest trade of all time, the lessons he learned from Warren Buffett and Charlie Munger, how going through a divorce affected him, coming back from the brink of failure, and for the first time details on his sleep, exercise, and nutrition habits 0:00 Start 02:33 Lessons from parents 04:46 Driven by independence 05:09 Overcoming failure 06:11 Hard earned lessons learned 07:20 Small improvements; Grounding yourself in the moment 07:51 The most important thing 08:35 Admiring Elon Musk 08:55 What Success Means? 09:19 Overcoming setbacks 11:49 On divorce 12:53 His sleep, exercise, and nutrition habits 15:40 What he watches on Netflix 16:03 What he reads 18:02 How he sources investment ideas 27:27 Index Funds and ETFs 33:04 Heroes 41:52 Herbalife in detail 44:28 Dealing with Haters 46:46 The biggest trade in history (26m to 2.6b in weeks) 56:00 Credit Default Swaps 01:00:16 Economic Implications of COVID 01:08:57 Economic bailouts 01:12:00 Are Malls Dead? 01:14:33 Predictions After COVID 01:16:51 Berkshire Hathaway 01:22:13 Lessons from Warren Buffett and Charlie Munger 01:26:16 The future of Pershing Square 01:27:29 How the SEC should operate ✩Hidden Insights✩ Are you the type of person who loves hidden insights? Ones that are timeless? Try my newsletter. It's called "Brain Food." It comes out every Sunday and is packed with insights that never expire. Sign up now https://bit.ly/2xP7tNt OTHER INVESTING RELATED EPISODES: Howard Marks: https://www.youtube.com/watch?v=jZMbKvJqEVo Stephen Schwarzman: https://www.youtube.com/watch?v=7zIhVJ3cEYI Mike Maples: https://www.youtube.com/watch?v=EgYxeca6xbc Jason Calacanis: https://www.youtube.com/watch?v=KL97y2Of3cA -------- #TheKnowledgeProject #ShaneParrish #BillAckman #Investing