Here is the audio of Bill Ackman's press conference at the Value Investing Congress. If you are an investor of any type, you must listen to it..
The questions are hard to hear (that does not matter) but Ackman's answers are very clear and great stuff. For me, this was the highlight of the conference. Ackman was very gracious with his time answered questions on all subject for over an hour. I was able to ask him about short selling disclosure, Borders (being on the board he opted not to answer), and why hedge funds have such a lousy reputation.
He talks about AIG (AIG), Wachovia (WB), Citi (C), Wells Fargo (WFC), the SEC, Treasury, the Fed, the "Bailout", Longs Drug (LDG), Walgreen's (WAG), CVS (CVS), Borders (BGP), Barnes and Noble (BKS).
Disclosure ("none" means no position):Long BGP, WFC, C, none
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