Portfolio Elephants (Expanded)
The Credit Strategist Blog
Bill Ackman made a very interesting and important point in a CNBC interview this morning. When Andrew Ross Sorkin asked him about his views on Harvard, Mr. Ackman said that the university is not in as strong a financial condition as it might appear for two reasons. First, it has $8 billion of debt. Second - and this is the point I want to highlight h…
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