How does Pershing Square's permanent capital structure give you an advantage over short-term hedge funds?
Replied byBill Ackman
Founder & CEO at Pershing Square Capital Management
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: New York City, New York, United States
Started: 2004
Berkshire Hathaway has permanent capital, which allows Warren Buffett to invest for the long term. Typical hedge funds are forced to redeem capital when the herd panics, which destroys value. Permanent capital lets us invest when others are panicking and support companies for years.
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