Billionaire Bill Ackman Has 51% of His Hedge Fund’s $14.4 Billion Portfolio Invested in Just 3 Exceptional Stocks

Ackman’s best ideas still look attractive at today’s prices. Bill Ackman likes to keep his hedge fund, Pershing Square Capital, invested in just a few high-conviction companies. Indeed, it’s hard to generate market-beating returns if your investments are spread so thin your portfolio looks pretty similar to the overall stock market. But Ackman and his […]

6 mins read

Talk Your Book: What Even Is Infrastructure?

Posted June 30, 2025 by Ben Carlson Today’s Talk Your Book is brought to you by CION Investments: See here for more information on the CION Grosvenor Infrastructure Fund (CGIQX) On today’s show, we discuss: Accessing infrastructure investments Investing in airports Who should be interested in infrastructure? The risk/return profile for infrastructure investments Thinking about […]

3 mins read

#2: “Stocks Can Underperform Bonds for a Long, Long Time” – Meb Faber Research

If you asked the average investor to name the most iron rule of investing, they’d likely say: “Stocks outperform bonds.” And yes, over the long haul, that’s been true. Since 1900 US stocks have returned 9.9% and 10-year US government bonds about 4.4%, a mile-wide gap.  But the key question most folks never ask is… […]

3 mins read

A Chinese firm has just launched a constantly changing set of AI benchmarks

Development of the benchmark at Hongshan began in 2022, following ChatGPT’s breakout success, as an internal tool for assessing which models are worth investing in. Since then, led by partner Gong Yuan, the team has steadily expanded the system, bringing in outside researchers and professionals to help refine it. As the project grew more sophisticated, […]

3 mins read