“Who’s Holding the Bag?” by Bill Ackman
Bill Ackman, one of America’s best-known activist investors, will be speaking at our Value Investing Congress at Time Warner Center in New York on Wednesday, November 28. Bill’s done a great service to the investing public while making outsized returns for his investors by pushing corporate managers to behave in ways that build shareholder value. For several years, Bill has been studying financial guarantors such as MBIA and Ambac, who insure municipal bonds, mortgages and other financial instruments. Though he is keeping a tight lid on his remarks before the upcoming Congress, his presentation earlier this year at the Ira Sohn Investing Conference, “Who’s Holding the Bag?” could very well be a small taste of what’s to come.
At the first New York Value Investing Congress, his presentation on McDonald’s impacted the market significantly, and many investors profited from his intervention (I certainly did!). Bill has told us that his upcoming presentation at the 2007 Value Investing Congress next week will be one of the boldest public statements he’s ever made and will have significant market-moving implications. There are still a few seats left so if you would like to register please visit www.ValueInvestingCongress.com.
Bill has been kind enough to share his presentation from the Ira Sohn Investing Conference with us. To read it now, click here. I hope you find this as worthwhile as I did. I’d love to hear your thoughts.
John L. Schwartz, MD
CEO
Schwartz Tilson Information, Inc.
www.ValueInvestingCongress.com