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 7 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 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
Pershing Square Bought $2.05 Billion in Equities While Unwinding COVID Hedge
“We'd invested two billion fifty million between March 12th and March 18th at 1230 in the stock market buying, you know, additions, adding to our portfolio, buying, repurchasing Starbucks. We had sold half the hedge for a 1,000,000,300, a little more than half …”
Ackman: Pershing Square held $71B notional CDS hedge committing $500M annually
“And we at the peak had seventy billion, actually seventy-one billion of notional insurance that cost about an average of 70 basis points per annum. So about five hundred million dollars. We committed to make five hundred million dollars a year in payments for …”
Bill Ackman Turned $27 Million in CDS Premiums Into $2.6 Billion
“We ended up spending twenty seven million on premium because we built a seventy billion dollar CDS position beginning in the third week of February, you probably had it completely on by the early, you know, first few days of March, and we started taking it off…”
Bill Ackman: Pershing Square Is Permanently Done With Public Short Selling
“In the life's too short kind of point of view, you know, we're done with public short selling. It's just not our thing anymore.”
Pershing Square Executed Its Massive COVID-19 Portfolio Hedge in One Hour
“I mean, the, just most recently, our hedge that we put on to protect the portfolio, I guess, I wasn't specifically doing work on that investment at all, but I was thinking about the ramifications, for example, of the coronavirus, and then came to a conclusion …”
Ackman Attributes Business Judgment Failures to Distraction From Divorce
“It is, it can be very distracting to be contemplating whether one should stay married While running a business that requires, you know, a lot of, you know, judgment and clarity of thinking, and you know, I ultimately made some, you know, failures of judgment i…”
Ackman: I invest in startups partly to identify potential competitive threats
“And I'm a relatively small investor in, you know, startups and I do it for fun. I do it because, you know, occasionally I make a good investment and also it helps me see the future in terms of what potential threats are coming. That might disrupt either a busi…”