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  "documentTitle": "Pershing Square | Activist Presentation Deck | 68 slides",
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  "authorName": "Pershing Square Holdings",
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  "notes": "The chart uses a red dashed box to emphasize the 'Down Months' performance comparison.",
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      "text": "PSLP / PSH Average Monthly Net Returns vs. S&P 500 through December 31, 2021",
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      "text": "Note: Data represents returns an investor would have earned by investing in PSLP at its January 1, 2004 inception and converting to PSH at its launch on December 31, 2012. Past performance is not necessarily indicative of future results.",
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      "kind": "title",
      "text": "Pershing Square's Strategy Has Proven to be Defensive in Down Markets",
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