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Great interview – his thoughts on activist investor role (GGP, JCP, Target), HPQ and his latest HK dollar bet.
I came across Bill Ackman’s Pershing Square letter in 2008 where he had outlined his thesis on GGP (100+ slides) when it was reeling close to bankruptcy (30-90 cents a share). One of his biggest hits as GGP emerged out of bankruptcy in 2010 with ~15$ a share and a HHC spinoff.
Unfortunately, I failed to pull the trigger on GGP as I was just learning about commercial real estate and it was out of my circle of competence.
The long interview (53 min) is available here
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