Pershing Square's biggest valuation error was assigning too much value to 'platform value' in certain holdings.
Own records only Only the person's or their organisation's own records speak to it, so it is not scored.
Factual: Statements about the present or the past, checked against the record: did they hold up?
Said for an organisation they lead or work for; it counts on both records.
Reasoning
What Pershing considered its biggest valuation error is its own internal assessment.
Cite this claim
Bill Ackman, “Pershing Square's biggest valuation error was assigning too much value to 'platform value' in certain holdings.” (said January 2016). Verdict: own records only. Reliability API, claim c_5cee2d4449dd, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_5cee2d4449dd
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
More factual claims by Bill Ackman
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Mixed
“You own a portfolio of our best ideas, and it’s trading at an 18% discount to cash.”
PSUS holds a portfolio of Pershing Square's best ideas and trades at an 18% discount to cash.
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Mostly true
“This lower return reflects the 35% discount to NAV at which PSH's stock currently trades.”
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Resolved true
“We recently made new investments in Visa (V), Mastercard (MA), Netflix, S&P Global, Intercontinental Exchange, and Alcon (ALC), companies we have closely followed for years.”
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Resolved true
“Streetwise is now available for sale. Please see my review below.”
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Mixed
“Our new independent directors include long-term investors in PSH and the Pershing Square funds as well as new investors in the management company.”
Verdicts are made automatically; how verdicts are made.