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Ackman Is One of the Smartest Investors, But This Wasn't Smart

It appears Bill Ackman, the founder of Pershing Square Capital Management, wasn't satisfied with owning Target shares outright in his one-stock special fund. Instead, he levered up the investment, with disastrous consequences. Even the smartest investors sometimes do things that raise eyebrows.

Posted by manualofideas on February 6, 2009 04:15 PM |

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