Bill Ackman's Track Record: Can He Mount a Comeback?

The transcript discusses Bill Ackman's reputation and investment strategies, highlighting his support from some hedge fund managers despite being unpopular. It covers his approach of buying distressed companies and turning them around, with examples like General Growth and Chipotle. The challenges he faced, such as the Valiant investment, are also discussed. The transcript concludes with a debate on the returns of Pershing Square, with differing opinions on its performance.

What are the contrasting views on the returns generated by Ackman's funds?

Discuss the significance of internal rates of return in evaluating Ackman's performance.