korrents

Our readingWhat is a korrent?

An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell.

Drawn from what Bill Ackman said

Subjectvalue investing

Mental modelsMargin of safety, Play long games

On the topicWhich mental models help you think better?under our view: Leave a margin of safety, because you will be wrong sometimes

What Bill Ackman actually said

  1. Bill Ackman Founder and chief executive of Pershing Square Capital Management
    So as long as you don't borrow against securities, you own really high quality businesses and it's not money that you need in the short term, then you can actually be thoughtful about it.

    Where this was said

    Watch from 0:41:46 plays here

    ↗Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413youtube.com

    20 Feb 2024 · video · 3h 32m · spoken · official transcript

    All 22 korrents from this recordingthis one is 9th

Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us

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