Bill Ackman's Talk at Bloomberg Markets Most Influential Summit ~ market folly

Wednesday, October 7, 2015

Bill Ackman's Talk at Bloomberg Markets Most Influential Summit

Pershing Square's Bill Ackman sat down with Stephanie Ruhle for an interview at Bloomberg Markets Most Influential Summit yesterday.

It's around a 30-minute talk but here's the broad takeaways from the interview:

- Still owns Valeant Pharmaceuticals (VRX), but hasn't added to the position or sold any shares

- Looked at General Electric (GE) but passed because it wasn't cheap enough; thinks Nelson Peltz will do well with it

- More to come with his Herbalife (HLF) saga

- Notes Burger King (part of Restaurant Brands (QSR)) has cut costs, improved stores/experience and same store sales are doing well

- Thinks Bloomberg should run for President

Embedded below is the video of Ackman's Bloomberg talk:



For more from this manager, head to Pershing Square's semi-annual report.


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