Topics & People

Bankrupt real estate company that became Ackman's most successful equity investment and spun off Howard Hughes.

Real estate development company Ackman is transforming into an insurance float compounding machine.

Geico
Organization

Insurance company where Ben Graham made the majority of his wealth.

Legendary value investor who focused on liquidations and cash balance sheets.

Companies operated by their original creators, which Cohen argues execute much better than professionally managed ones.

Blue Origin
Organization

Jeff Bezos' space company, noted as being significantly behind SpaceX in development.

Entrepreneur, activist investor, and CEO of GameStop who built and sold Chewy, and is currently attempting to acquire eBay.

Ron Baron
Person

Billionaire investor who encouraged Bill Ackman to invest in SpaceX.

CFO of OpenAI, praised by Bill Ackman for her thoughtful explanation of the company's capital commitments.

Blackstone
Organization

Major investment firm mentioned regarding a fairness opinion provided to Pershing Square.

Co-founder of Blackstone, who agreed to write a fairness opinion on the spin-off of Tim Hortons.

Tim Hortons
Organization

Canadian coffee and donut chain spun off from Wendy's after Bill Ackman's activist campaign.