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Bill Ackman: 2024 Interim Letter to Shareholders

In his Pershing Square 2024 Interim Report, Bill Ackman discusses the current stock market environment, noting that a significant portion of market capitalization is now held by permanent owners such as index funds.

Bill Ackman: Searching for businesses that look like bonds

In this fireside chat at USB, Bill Ackman discusses the value of understanding the predictable nature of businesses, akin to bonds with varying coupons and no fixed maturity, emphasizing the higher worth of early years in a discounted cash flow analysis.

Bill Ackman: Invest with peace of mind

Bill Ackman explains that we need to accept that high volatility is natural and that we should therefore develop a more hardened approach to investing.

Bill Ackman: 2022 letter to shareholders

Pershing Square Holding’s annual report has now been published, including Bill Ackman’s letter to shareholders. It discusses 2022 in review, specific investments and topics such as AI and the impact of geopolitical changes.