{
  "docId": "019dd923-622c-750b-8b9b-905be5d022fb",
  "docSlug": "0c95c1ec255f",
  "documentTitle": "Pershing Square Portfolio (multiple positions)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-04-28 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 55,
  "pageCount": 67,
  "prevPage": 54,
  "nextPage": 56,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "callout_box",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-905be5d022fb/55",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-905be5d022fb",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-905be5d022fb.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-905be5d022fb#slide-55",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.92,
        "x": 0.04,
        "y": 0.197
      },
      "kind": "callout",
      "text": "The stability of PSH's capital enhances Pershing Square's ability to successfully execute its investment strategy",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4807369e-9155-4cc3-a7ae-d8e57a98516a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.92,
        "x": 0.04,
        "y": 0.805
      },
      "kind": "callout",
      "text": "PSH allows Pershing Square to more effectively pursue its strategy",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "758a98f5-0ce0-42b5-9c73-040e976b5e04",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "The stability of PSH’s capital enhances Pershing Square’s ability to successfully execute its investment strategy",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-70f4-766c-b4da-d16e6bc97297",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.85,
        "x": 0.06,
        "y": 0.345
      },
      "kind": "list",
      "text": "Reduces the need to manage cash for potential redemptions\nAllows for increased percentage of capital to be invested in core strategy\nExpands Pershing Square's future investment universe\nLengthens average duration of capital\nFacilitates constructive relationships with target companies",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f6298e15-1459-40bd-9f2b-718edbe30e2b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.65,
        "x": 0.04,
        "y": 0.09
      },
      "kind": "title",
      "text": "Pershing Square's Rationale for PSH",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "329264ef-36c9-46ba-85ac-2553eead058a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "857c2c61-c0da-4353-b964-15a5ed463a5f",
      "evidence": "The stability of PSH’s capital enhances Pershing Square’s ability to successfully execute its investment strategy",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 67,
      "from": 51,
      "beatId": "6a6a2a0f-f7e4-4d65-94a2-ee903bbb1ddb",
      "arcName": "Rags to Riches",
      "arcSlug": "rags-to-riches",
      "beatName": "Ultimate Achievement",
      "beatSlug": "rags-to-riches-ultimate-achievement",
      "evidence": "Summary of investment results and future outlook.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}