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:    • Howard Marks | The Knowledge Project #53  
Stephen Schwarzman:    • Stephen Schwarzman | The Knowledge Pr...  
Mike Maples:    • Mike Maples — The Knowledge Project #77  
Jason Calacanis:    • Jason Calacanis — The Knowledge Proje...  

--------
#TheKnowledgeProject
#ShaneParrish
#BillAckman
#Investing