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BILL ACKMAN PRESENTATION

Attached is Pershing Square Capital’s annual investor dinner presentation.  Pershing is run by activist investor Bill Ackman who received quite a bit of acclaim in 2008 for his short positions in various financial firms.  Despite his prescience he was still down double digits last year.  The attached presentation is a curiously detailed look into his investment style, approach and positions.  It’s an interesting read….

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