Bill Ackman Loses $430 Million on Netflix | On The Margin
Inflection Point
00:00
Investing in Businesses
When there's a lot of really cheap money, its just swung, probably too far. I say this as an ondrepner, like its price swung a little too far in the way of a ongpeners for the time being. If you can't name five flavours of lecroy, you're not really a start up. When i launched morgan creek, i left the not for profit worldn i was making no money at the not for Profit and launched this company with not a lot. Our office was literally an unfinished back room of a friend of mine's hedge fund. And we had a paper sign on the door, and we had plastic folding tables and lap
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