Founder & CEO at Pershing Square Capital Management
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.
This answer is part of a full interview with Bill Ackman, Founder & CEO at Pershing Square Capital Management.
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