Founder & CEO at Pershing Square Capital Management
To stabilize the firm, we needed to show our public vehicle, Pershing Square Holdings, had permanent capital. I took out the largest personal unsecured loan in JP Morgan's history, using the money to buy a massive stake in the public fund, signaling my complete conviction to the market.
This answer is part of a full interview with Bill Ackman, Founder & CEO at Pershing Square Capital Management.
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