The most important criterion for Pershing's investments is that the business quality is extremely high, defined as a simple, predictable, free-cash-flow-generative business with high degree of confidence.
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Bill AckmanEvidence Quote
“the most important thing for us is that the business quality is extremely high”
Source
Bill Ackman: Dealing with Haters, My Largest Trade Ever, and Sounding the Alarm for the Government— The Knowledge Project PodcastCreated: 8/10/2026, 11:24:39 PM
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