Founder & CEO at Pershing Square Capital Management
Carl knew nothing about the company but bought a billion dollars of stock to squeeze our short position. Since then, we have buried the hatchet and hugged it out. The experience taught us that short selling is too dangerous, and we are now completely out of the short-selling business.
This answer is part of a full interview with Bill Ackman, Founder & CEO at Pershing Square Capital Management.
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