Сarm1ne (@carm1nee)

Bill Ackman and Carl Icahn - sat on the same stage 18 months after the most legendary confrontation in Wall Street history "I respect Carl's story - he got a rougher start than me, and he's done incredibly well over a very long period of time - you have to respect that record" "100 years ago Carnegie and JP Morgan owned 20% of US Steel - if the CEO wasn't doing his job, the owner stepped in and replaced him today you have CEOs you can't get rid of, and that's why the middle class is suffering" bookmark and watch it - two Wall Street legends, one stage ↓

Bill Ackman told the story of Donald Bren - the 27th richest man in America that almost nobody has heard of he bought a fifth of Orange County for $337 million, one deal, 40 years - Forbes says he's worth $15 billion, Ackman says "Forbes is wrong, my guess is closer to $30 billion" "one way to find a great business is look in the Forbes 400 and see where people made their money" "we bought 25% of General Growth in 2008 for $60 million - it filed for bankruptcy - investors made a 100-fold return" Bren's edge was one strategy for 40 years - now strategies generate faster with AI - check the post below ↓

Ray Dalio said we're approaching the same bubble levels as 1929 and 2000 "it's entirely within the power of China to say let's have a week of no chips coming out - all AI stocks would crash, the stock market would crash" "all great technology changes produce bubbles - people think buying the stocks is betting on the technology, it's not, the stocks can be expensive" bookmark and watch it today - the people who win from AI won't be the ones buying stocks at bubble valuations, they'll be the ones who actually learned how to use it ↓

Bill Ackman bought a third of a $20 billion company after it crashed to $100 million - the stock went from 34 cents to $34 it's the most contrarian bet in modern Wall Street history "I called the CEO, he didn't return my call - I called again, he didn't return my call - six weeks later they spun off the company, the CEO got fired, then he called to thank me for his exit package" "there are analogies to 2000 - people got excited about internet stocks and Berkshire traded at the lowest valuation in its history because people said that's all old stuff a similar thing is happening today to Amazon, Meta, Microsoft - they're undervalued" bookmark and watch it today - 29 minutes that will change how you think about AI, markets, and what makes a great investment ↓

Ron Baron put $1.7 billion into SpaceX while it was private - it turned into $15 billion he just placed a billion dollar order at the IPO and said "10 trillion, 20 trillion, 30 trillion and I could be very low" he started with $100 million in 1992, made his clients $61 billion in profit when he was a kid he drove an ice cream truck, now the president of the NYSE comes to him for advice "I pushed all the chips to the center of the table to be tied to the most successful man on the planet, clearly risky, but that's my game" "never bet against the guy with superpowers who would never give up" bookmark and watch it today ↓

He spent 21 years as an options trader, made a fortune betting on the crashes that destroyed everyone else then wrote the book that predicted the 2008 financial crisis before it happened when he was a rookie on the trading floor, a veteran grabbed him and said: "you see that guy? he made $7 million in 7 years and lost it all in 7 seconds okay kid, now you can go" "one day of your life as a trader will represent 98% of your total variation and it is not predictable" "banks make, make, make small, everybody thinks you're smart then you lose everything and it was 'a bad environment' banks lost in 2008 more than the entire history of banking, and of course they kept their bonuses" bookmark and watch every minute of this ↓

CEO of Citadel: "no one is more wrong than I am today", he built the most profitable hedge fund in history in this interview he explains why he hired a Russian rocket scientist, why being the smartest in the room is a mistake, and why being right 54% of the time made $90 billion Bookmark & watch it. Then read the article below - The 77-year-old formula that explains why a small edge is all you need ↓