jawn619 Posted January 28, 2016 Posted January 28, 2016 http://assets.pershingsquareholdings.com/2014/09/Pershing-Square-2015-Annual-Letter-PSH-January-26-2016.pdf "I have often stated that in order to be a great investor one needs to first have the confidence to invest without perfect information at a time when others are highly skeptical about the opportunity you are pursuing. This confidence, however, has to be carefully balanced by the humility to recognize when you are wrong. While no one here is enthusiastic about delivering our worst performance year in history in 2015, it certainly does a good job reinforcing the humility-side of the equation that is necessary for long-term investment performance. In 2016, we would like to generate results that reinforce the confidence side of the equation. Humility and skepticism will help get us there. " -Bill Ackman
ScottHall Posted January 30, 2016 Posted January 30, 2016 Bill Ackman is a glorious and majestic man, his mighty mane tells me he will bounce back. He'll get more chances; too charming not to. Great marketer.
ni-co Posted February 11, 2016 Posted February 11, 2016 Pershing Square is down 18.6% in January. I think we may see quite a few value-oriented hedge funds blowing up in the next few months.
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