What lessons did you learn from the high profile setbacks at Gotham Partners?
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
Our mistake at Gotham was mixing private, illiquid assets in a hedge fund where investors could redeem capital. I learned that you must match asset liquidity with liability liquidity. At Pershing Square, we treasure and study our mistakes to ensure we never repeat them.
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