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Bill Ackman on portfolio diversification… “Warren Buffett once said, diversification is protection against ignorance … I think it’s very hard to out-perform the market once you become a diversified portfolio.” – Bill Ackman $GOOGL $UBER $BN

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Bill Ackman, founder and CEO of Pershing Square Capital Management: "It's very hard to outperform the market once you become a highly diversified portfolio." Ackman makes the case that real outperformance comes from concentration, not from spreading capital across dozens of positions. Bill Ackman starts with a famous line from Warren Buffett: "I think Warren Buffett once said, you know, diversification is protection against ignorance." And he unpacks what that means for ordinary investors: "If you don't know a lot about the companies that you're investing in, you want to invest in a lot of companies because the diversification will protect you from mistakes." But Ackman argues the logic flips entirely once you have a genuine edge, the ability to study a business deeply and to shape its direction. "If you have the ability to do deep due diligence on companies, and I would say as significantly, if the nature of your strategy allows you to have a lot of influence over those companies, you really want to pick the best dozen or so companies as opposed to dilute the top 12 or the top 15 with 16, 17, 20, 25, 50." In other words, every position you add beyond your best ideas waters down your conviction rather than strengthening it. That's why he's so blunt about the cost of spreading too thin: "I think it's very hard to outperform the market once you become a highly diversified portfolio." And he ties his own track record directly to this philosophy, pointing not just to picking a small number of businesses, but to actively helping them improve: "And so our returns have come in part because of concentration and our returns in part have come from the fact that we help our company succeed."

Bill Ackman, founder and CEO of Pershing Square Capital Management: "It's very hard to outperform the market once you become a highly diversified portfolio." Ackman makes the case that real outperformance comes from concentration, not from spreading capital across dozens of positions. Bill Ackman starts with a famous line from Warren Buffett: "I think Warren Buffett once said, you know, diversification is protection against ignorance." And he unpacks what that means for ordinary investors: "If you don't know a lot about the companies that you're investing in, you want to invest in a lot of companies because the diversification will protect you from mistakes." But Ackman argues the logic flips entirely once you have a genuine edge, the ability to study a business deeply and to shape its direction. "If you have the ability to do deep due diligence on companies, and I would say as significantly, if the nature of your strategy allows you to have a lot of influence over those companies, you really want to pick the best dozen or so companies as opposed to dilute the top 12 or the top 15 with 16, 17, 20, 25, 50." In other words, every position you add beyond your best ideas waters down your conviction rather than strengthening it. That's why he's so blunt about the cost of spreading too thin: "I think it's very hard to outperform the market once you become a highly diversified portfolio." And he ties his own track record directly to this philosophy, pointing not just to picking a small number of businesses, but to actively helping them improve: "And so our returns have come in part because of concentration and our returns in part have come from the fact that we help our company succeed."

Big Brain Business

41,367 views • 3 months ago

Bill Ackman says diversification protects you when you don’t fully understand what you own but concentration becomes an edge when you do. Once your best ideas get diluted, outperforming gets a lot harder which is why his top 3 to 4 positions make up ~50% of the portfolio.

Bill Ackman says diversification protects you when you don’t fully understand what you own but concentration becomes an edge when you do. Once your best ideas get diluted, outperforming gets a lot harder which is why his top 3 to 4 positions make up ~50% of the portfolio.

Shay Boloor

401,533 views • 4 months ago

Bill Ackman on perks of long-term investing… “There are fewer investors who can take a 3-5 year horizon, I think that’s an opportunity for us … it explains why we own Alphabet, Amazon and Facebook.” – Bill Ackman $GOOGL $AMZN $META

Bill Ackman on perks of long-term investing… “There are fewer investors who can take a 3-5 year horizon, I think that’s an opportunity for us … it explains why we own Alphabet, Amazon and Facebook.” – Bill Ackman $GOOGL $AMZN $META

Wealthmatica

180,083 views • 4 months ago

Bill Ackman on a diversified portfolio: "Diversification protects you from ignorance. Right? If you don't know what you're doing just do a lot of things." If your research correctly identifies the fundamental quality and durable cash flows of a business, extreme concentration is the logical way to beat the market. The wealthiest founders build their fortunes on a "portfolio of one". Ackman said for stock pickers, conducting deep business research, holding just 10 to 12 highly predictable companies provides more than adequate risk management. My only caveat is people vastly underestimate the risks of a business and overestimate their true understanding of the business. This is the single biggest issue with high concentration.

Bill Ackman on a diversified portfolio: "Diversification protects you from ignorance. Right? If you don't know what you're doing just do a lot of things." If your research correctly identifies the fundamental quality and durable cash flows of a business, extreme concentration is the logical way to beat the market. The wealthiest founders build their fortunes on a "portfolio of one". Ackman said for stock pickers, conducting deep business research, holding just 10 to 12 highly predictable companies provides more than adequate risk management. My only caveat is people vastly underestimate the risks of a business and overestimate their true understanding of the business. This is the single biggest issue with high concentration.

CapexAndChill

35,300 views • 1 month ago

Bill Ackman thinks it’s a GOOD environment to invest… “Some of the best businesses in the world are at their lowest valuations in history - it’s a good environment to be deploying this capital…” – Bill Ackman $MSFT $GOOG $META

Bill Ackman thinks it’s a GOOD environment to invest… “Some of the best businesses in the world are at their lowest valuations in history - it’s a good environment to be deploying this capital…” – Bill Ackman $MSFT $GOOG $META

Wealthmatica

29,817 views • 4 months ago

Bill Ackman just talked about $UBER once again Calling it “extremely cheap” You know what has happened to stocks in the past that he’s called out, right? In 2022, $GOOGL at $90 -> +300% In 2025, $AMZN at $170 -> +60% Now he’s calling $UBER at $75. I think you know how this might play out

Bill Ackman just talked about $UBER once again Calling it “extremely cheap” You know what has happened to stocks in the past that he’s called out, right? In 2022, $GOOGL at $90 -> +300% In 2025, $AMZN at $170 -> +60% Now he’s calling $UBER at $75. I think you know how this might play out

Dray

61,528 views • 18 days ago

In spirit of Google $GOOGL possibly getting to become the largest company in the world (right now second largest)… Here is Bill Ackman simply laying out the Google $GOOGL thesis in 30 seconds. I come back to this video often.

In spirit of Google $GOOGL possibly getting to become the largest company in the world (right now second largest)… Here is Bill Ackman simply laying out the Google $GOOGL thesis in 30 seconds. I come back to this video often.

Just a Dude Who Invests

91,316 views • 7 months ago

Bill Ackman said one of the biggest edges in investing is being willing to underwrite a business 3-5 years out which is why he owns $AMZN, $META & $GOOGL. Volatility is the price you pay for long-term compounding when the market gives you the chance to buy value at a discount.

Bill Ackman said one of the biggest edges in investing is being willing to underwrite a business 3-5 years out which is why he owns $AMZN, $META & $GOOGL. Volatility is the price you pay for long-term compounding when the market gives you the chance to buy value at a discount.

Shay Boloor

599,479 views • 4 months ago

Tucker Carlson sh*ts on Bill Ackman and compares him to Jeffrey Epstein. “People with very little talent become the richest people in our country? How does that work?” “Anyone who knows Bill Ackman knows, not a genius…clearly not a brilliant person at all.”

Tucker Carlson sh*ts on Bill Ackman and compares him to Jeffrey Epstein. “People with very little talent become the richest people in our country? How does that work?” “Anyone who knows Bill Ackman knows, not a genius…clearly not a brilliant person at all.”

Fractured Light

221,510 views • 5 months ago

Warren Buffett: “I think people's investment would be more intelligent if stocks were quoted about once a year.” “The stock market is there to serve you, not to instruct you.”

Warren Buffett: “I think people's investment would be more intelligent if stocks were quoted about once a year.” “The stock market is there to serve you, not to instruct you.”

Investment Wisdom

19,382 views • 1 year ago

Me: "Do you really want to drive Bill Ackman out of New York?" Zohran Kwame Mamdani: "Even Bill Ackman, I want him to stay here. Because I don't want someone to write a long-worded tweet from somewhere else in the country. Calligraphy needs to live!" 😂😂

Me: "Do you really want to drive Bill Ackman out of New York?" Zohran Kwame Mamdani: "Even Bill Ackman, I want him to stay here. Because I don't want someone to write a long-worded tweet from somewhere else in the country. Calligraphy needs to live!" 😂😂

Mehdi Hasan

184,970 views • 11 months ago

Warren Buffett on diversification in the stock market "If you know how to analyze and value businesses, it is crazy to own 50, or 40, or 30 stocks. Because there arent that many wonderful businesses"

Warren Buffett on diversification in the stock market "If you know how to analyze and value businesses, it is crazy to own 50, or 40, or 30 stocks. Because there arent that many wonderful businesses"

Boring_Business

36,267 views • 4 months ago

Bill Ackman once turned $27 MILLION into $2.6 BILLION in a single month by betting the market would crash in March 2020. Now the man who runs Pershing Square is back on camera with what he thinks happens next - to AI, to markets, to the world. 39-min of one of the most concentrated, high-conviction investors alive laying out his read bookmark & watch - when Ackman makes a call, it moves markets

Bill Ackman once turned $27 MILLION into $2.6 BILLION in a single month by betting the market would crash in March 2020. Now the man who runs Pershing Square is back on camera with what he thinks happens next - to AI, to markets, to the world. 39-min of one of the most concentrated, high-conviction investors alive laying out his read bookmark & watch - when Ackman makes a call, it moves markets

st1ne

104,092 views • 1 month ago

Young Investors listen to this investment advice from Bill Ackman. Bill Ackman explains that the biggest challenge for young investors is the desire for quick rewards. He emphasizes the importance of a long-term perspective, highlighting how compounding creates massive value over decades rather than overnight. As a striking example, he notes that Warren Buffett built over 99% of his wealth after the age of 50. Ackman's key advice is to leverage the "extra years" of youth to let investments grow steadily over time.

Young Investors listen to this investment advice from Bill Ackman. Bill Ackman explains that the biggest challenge for young investors is the desire for quick rewards. He emphasizes the importance of a long-term perspective, highlighting how compounding creates massive value over decades rather than overnight. As a striking example, he notes that Warren Buffett built over 99% of his wealth after the age of 50. Ackman's key advice is to leverage the "extra years" of youth to let investments grow steadily over time.

Stocks World

284,450 views • 5 months ago

Stanley Druckenmiller: “I like putting all my eggs in one basket.” I think concentration is the most underrated investment advice. My portfolio is up 10% this week as I was concentrated on the right names. If you know what you are doing, you don’t need much diversification.

Stanley Druckenmiller: “I like putting all my eggs in one basket.” I think concentration is the most underrated investment advice. My portfolio is up 10% this week as I was concentrated on the right names. If you know what you are doing, you don’t need much diversification.

Oguz Erkan

287,752 views • 7 months ago

Every crypto downturn is a reminder of why portfolio diversification matters. Now, you can already use AI to allocate across crypto and U.S. stocks on-chain at the same time. Check out how to buy (tokenized) $NVDA and $GOOG on Minara.

Every crypto downturn is a reminder of why portfolio diversification matters. Now, you can already use AI to allocate across crypto and U.S. stocks on-chain at the same time. Check out how to buy (tokenized) $NVDA and $GOOG on Minara.

Minara AI

10,442 views • 8 months ago

"As an American citizen, I think it's in the best interest of the country for Trump to be the president versus Kamala Harris - and if it causes harm to a company I have an investment in, so be it," says Bill Ackman of Trump's criticisms of $GOOGL:

"As an American citizen, I think it's in the best interest of the country for Trump to be the president versus Kamala Harris - and if it causes harm to a company I have an investment in, so be it," says Bill Ackman of Trump's criticisms of $GOOGL:

Squawk Box

249,949 views • 1 year ago