The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 14 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 2 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Ackman: Biden wealth tax will bankrupt every startup in America
“You know, the Biden wealth tax, which is like, 25% of the appreciation of things that you own privately, it's going to bankrupt every startup. No one will ever start a business in America anymore, right?”
Ackman: Donald Trump would defeat Joe Biden in a presidential matchup
“If it's Biden, Trump, I think Trump wins.”
Ackman: 90% of Pershing Square Investments Over 20 Years Were Profitable
“The reality is, 90% of the investments we've made in the last 20 years have been profitable. In fact, meaningfully profitable.”
Ackman: Decent chance Fed Chair Powell pauses interest rate hikes
“And so I think there's a decent chance Powell says, you know, we've, we're not raising rates.”
Ackman: A business leader running as a Democrat could defeat Trump
“And I think they can absolutely get the Democratic nominee And against Trump, they'll get the you know, the center and center right part of the Republican Party and can win.”
Ackman predicts persistent 3% to 4% inflation for foreseeable future
“The world is a structurally different place than it was for the last 20 odd years, and you're going to see persistent levels of inflation, you know, three to four percent inflation for the foreseeable future. I think that, that's certainly being missed based o…”
Ackman: Universal Music Group is the best 10-year long holding
“Well, I would say of the businesses we own, I would say in an uncertain world, you got to own universal music company, universal music group. Because the one thing I'm confident about is more people will have music subscriptions or be streaming music from what…”
Ackman: Monopolistic legacy companies are guaranteed to be disrupted by blockchain
“There are businesses that are guaranteed to be disrupted by blockchain that are old fashioned, old, you know, businesses that everyone hates because they're monopolists and you can disrupt them with blockchain technology. So I would be short those companies.”
Ackman: Universal Music Group has very little debt and high predictability
“If you're investing in the world's most dominant music company, Universal Music, it's, has very little debt. It has a great market position. You can predict business with a very high degree of confidence, and you're buying it at a fair price.”
Four of Gotham Partners' Debut LPs Were Forbes 400 Billionaires
“But of the original six, four of the six were in the four, 400 wealthiest people in America.”
Ackman: Plenty of Capital Exists for Second-Time Founders Who Failed
“There's plenty of capital available for people who are second time founders and the first one was not a successful exit.”
Ackman: Fed Chair Jay Powell Follows Him on Twitter Anonymously
“I'm quite sure he actually follows me, you know, not under the name Jay Powell.”
Ackman: SVB was unique in its disproportionate long-duration asset exposure
“Silicon Valley Bank was, I would say, unique in the disproportionate amount of exposure they had to, kind of, long-duration fixed-income assets versus other banks.”
Ackman Raised $3.1 Million From Six LPs to Launch Gotham Partners
“But we had I think we eventually saw well over a hundred people, and we had six people ultimately say yes and give us money, and the six people totaled, look, 3.1 million dollars. Actually three million, and my partner and I put up a hundred together.”