#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech

3422.22 - 3444.037 Bill Ackman

And you could buy Wendy's for basically $5 billion. And they owned 100% of Tim Hortons, which itself was worth more than $5 billion. So you could literally buy Wendy's, separate Tim Hortons and get Wendy's for negative value. That seemed like a pretty good opportunity, even though the business wasn't doing that well. So we bought the stake, called the CEO, couldn't get a meeting, nothing.