New York Post
@nypost·2.4M subscribers·43.2K videos
Hedge fund titan Bill Ackman tells The Post why he remains bullish on NYC
Posted
September 22, 2023
Views
930
Likes
17
Comments
5
Engagement
2.37%
September 22, 2023
930
17
5
2.37%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
0:44
1:35Now PlayingBill Ackman has grown Pershing Square Capital Management to more than $16 billion from $54 million since he founded the fund nearly two decades ago. The 57-year-old activist investor speaks with NYP Business Reporter Lydia Moynihan about his return to office policy, his possible presidential picks and why he’s still bullish on New York City.
Lydia: You are among the big names on Wall Street who didn’t move to Florida. Why?
Bill: The short answer is that I love New York City. My desire to be successful is founded on a desire to be independent. It always seemed crazy to me to sacrifice that independence to save money on taxes. If you make $100 million — some people in finance make even more than that — you can save $25 million of that by living somewhere cheaper.
Some people choose to manage their lives that way. I do think it’s incumbent upon New York City to make this a desirable place to live and we have to make it an attractive place to do business. If one super wealthy person leaves the city — that’s really bad for the revenue. I don’t think it’s smart to push taxes higher — I think that would actually generate less revenue.
Read more at
#billackman #nyc #wallstreet #finance #business
The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.
Subscribe to New York Post Sports
Catch the latest news here
Follow The New York Post on:
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
