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  "docSlug": "02ebfca8ede5",
  "documentTitle": "Pershing Square Holdings Portfolio (multi-position) (PSH)",
  "authorId": "01_Pershing_Square",
  "authorName": "William Ackman",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2020-02-05 00:00:00",
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  "notes": "The chart highlights the correlation between activist intervention/management changes and share price appreciation.",
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      "text": "CMG's share price increased 94% in 2019 and 6% year-to-date in 2020",
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      "kind": "chart",
      "text": "CMG share price performance from 8/4/2016 to 2/4/2020",
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      "text": "Share price: $885",
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      "text": "Note: The performance of CMG's share price is provided for illustrative purposes only and is not an indication of future returns of the Pershing Square funds. *Average cost at announcement date. Please see the additional disclaimers and notes to performance results at the end of the presentation. (1) As of 2/4/2020",
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      "kind": "title",
      "text": "CMG Share Price Performance Since Inception",
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      "evidence": "The document implies the cost of inaction by highlighting the benefits of their investments.",
      "position": 3,
      "objective": "What is the cost of not investing with Pershing Square?",
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