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William (Bill) A. Ackman, A.B. '88, M.B.A. '92

“Young people are bright people. They are not indentured to received wisdom.” That was the rationale behind the monetary support of Martin Peretz, editor of the New Republic, for Gotham Partners, a hedge fund started by two freshly minted HBS grads in 1996. Inexperience didn’t keep Bill Ackman, 26, or David Berkowitz, 31, from jumping on the hedge fund wagon, nor did it keep investors from putting up $30 million in cash.


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