Tag Archives: Pershing Square

The 3Q08 Pershing Square letter, written by portfolio manager Bill Ackman, is a great example of the salient decision making that good fundamental managers employ.  They strive to eliminate unanswerable questions as not to distract the firm from their ultimate goal; profiting from fundamental research. “We spend little time trying to outguess market prognosticators about the short-term future of the […]