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  "documentTitle": "Pershing Square | Investor Presentation Deck | 62 slides",
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  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2023-02-01 00:00:00",
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  "notes": "The chart uses a callout box to explicitly compare peak losses during the March 2020 market downturn.",
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      "kind": "callout",
      "text": "PSH delivered strong 2020 performance with a net return of 70.2%, outperforming the S&P 500 by 5,180 basis points",
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      "text": "Past performance is not necessarily indicative of future results. All investments involve the possibility of profit and the risk of loss, including the loss of principal. Please see the additional disclaimers and notes to performance results at the end of this presentation.",
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      "text": "Strong Performance During the COVID Crisis",
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