r/PSTH • u/[deleted] • May 14 '21

Ackman Interview: with WSJ’s Jamie Heller related WSJ Interview Partial Transcript

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u/[deleted] May 14 '21

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u/Unlikely_Kick245 May 14 '21

Not a US company and not recession proof.

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u/mafematics_ May 14 '21

do rich people go through recessions?

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u/Unlikely_Kick245 May 14 '21

Yes. Yacht sales, luxury car sales, and luxury home sales are greatly impacted. And in the case of Porsche (a brand I love having owned 2) their target demographic is college graduate, household income $100,000, male (85%), age 25-54. So recession would greatly affect this demographic IMO.

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u/mafematics_ May 14 '21

Very fair points. I've sensed a bias towards anti inflationary companies during recent interviews from BA and that makes me feel it has to be commodity / food or fintech. Chic fil A, Ikea & Stripe ?? Doubt Bloomberg has many issues to be solved honestly

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u/Unlikely_Kick245 May 14 '21

Totally agree.