Young Ackman asks advice from Legend Buffett in 1996
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- Опубліковано 10 січ 2021
- Twenty five years ago, a young investor named Bill Ackman made an astute observation about indexation to investing legend Charlie Munger.
Bill Ackman went on to be the founder and CEO of Pershing Square Capital Management, a successful hedge fund management company.
Ackman’s personal wealth is well over $1B, but he is also an advocate for philanthropy. He is a signatory of The Giving Pledge, committing himself to give away at least 50% of his wealth to charitable causes.
DISCLAIMER:
The material and information presented in this video is for entertainment, and general information purposes only.
You should not rely on any of the information presented as a basis for making any investment decisions.
You should consult with an attorney or other professional to determine what may be best for your individual circumstances.
Fact that Charlie is sleeping and awake at the same time makes it even more interesting
😂😂😂😂
The one thing I learned in this video is that Charlie Munger has been 100 since at least 1996.
😂
LMAOooo
"if you don't like accounting mistakes in financial institutions, you're in the wrong world" The way that played out, I expect Mr. Ackman loved those mistakes and benefited huge because they were difficult to detect? Classic moment in economics history!
well what he said is the reason the financial crisis of 2008 happened
and now rating agencies are more supervised
so he had a good point
also bill is a huge admirer of warren buffet and always advises people to read everything warren buffet wrote and watch everything he appeared in
He is talking about 2008 which was yet to come and he was right.
these two looked old af back in the 90's
Best investor of all time! 🔥
Buffet amassed most of his wealth after he turned 60. Long term investing it the way to go.
He already made and saved money when he’s 12-13. I think he’d already made ton of money when he’s 40.
@@xikefocus he roughly ten-folds every decade: he was a millionaire with 25, 10-fold m. with 35 etc.
@@tonimontana5153 Yeah. I think he return 30% year over year in the 60s for his partnerships. The dude live a frugal life though.
What's the point being billionaire at your sixty's?
Adjust that to inflation
Ive watched the Entirety of all The Berkshire Hathaway meetings online
What your email bro?
Next step: Actually read all the Berkshire Hathaway annual reports and letters to shareholders.
How are they so old, so rich and still work for money
Because it's not about money for some of us. It's business and passion and money just follows
Bill the goat
They look younger now
my left ear got off after watching this video!
Sounds like he's making the case for the implementation of blockchain technology in the financial sector
EXACTLY what I thought ! You’re right
Even if you implement Block chain, there are thing that need assumption
For example, probability of default loan, asset depreciation, Account receivable,....
And those are subjected to error, Block chain is only a fraction to make those transaction more transparent, but overall. the number still relatively the same
Dont even mention, company can artificially manipulate it, for example, delaying paycheck to manipulate working capital, liquidate inventory to make their balancesheet look more clean ,etc
Nothing is accurate
Ackman is smart & he certainly does his best to financially benefit his/ Pershing Square Capital Management investors but he's far sneakier than Warren Buffett & Charlie Munger - making them exceedingly more likeable chaps than Ackman.
sweet
If anyone is eating babies is Warren and Charlie. This guys have been around for so fucking long
This is 2005, not 1996. "Young" Ackman was almost 40 and extremely rich already.
This is not 1996
Warren Buffet seems to be slightly perturbed by Munger's response
difference is ackman is a scammer
How?
SHIVANJAY619 donT question just upvote and agree