In this portion of his Floating University lecture, activist investor William Ackman talks about investing in the kind of company that you can own forever. In other words, what is the kind of company you'd be happy to hold stock in even if the stock market was closed for tn years?
William Ackman is founder and CEO of Pershing Square Capital Management. Formed in 2003, the hedge-fund has acquired significant shares in companies such as JC Penney, General Growth Properties, Fortune Bands and Kraft Foods. Ackman advocates strategies of "activist investing," the practice of using stock shares in publicly-traded companies to influence management practices in a way that benefits shareholder interests.