Price vs. Value
Bill shares the foundational lesson from Graham's "Intelligent Investor": the crucial distinction between price and value. He emphasizes that while the stock market may act as a voting machine in the short term, it ultimately serves as a weighing machine that reveals true worth over time. Investing requires thorough analysis and understanding of a business's potential, contrasting sharply with the fleeting nature of speculation.In this clip
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Lex Fridman Podcast
Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413
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