Editing Bill Ackman (section)

== Career in Finance ==

=== 1. Founding of Pershing Square Capital Management ===
In 2004, Ackman founded Pershing Square Capital Management, a hedge fund known for its activist investment strategy. Under his leadership, the fund has become renowned for taking significant stakes in publicly traded companies and advocating for changes to enhance shareholder value.

=== 2. Notable Investments ===
Ackman is known for several high-profile investments that have garnered attention in the financial world:

* '''Target Corporation''': Ackman took a stake in Target, advocating for changes in management and strategy to improve performance.
* '''Valeant Pharmaceuticals''': This investment, although controversial, highlighted Ackman’s willingness to engage deeply with company management.
* '''Netflix''': Ackman’s investment in Netflix early on demonstrated his ability to recognize disruptive business models in the media industry.

=== 3. Investment Philosophy ===
Ackman’s investment philosophy is centered around thorough research, understanding the underlying business, and engaging with company management. He believes in the power of activism to drive positive change and create value for shareholders.