The Importance of Double Down

William Ackman: I'd invested in a company called White Mountains Insurance. The CEO was the former CEO of Geico, whose name escapes me as a store. And they're doing a share issuance before the share price of White Mountains has risen to 100% of book and the acquisition had been funded in part by Berkshire Hathaway. Jack Byrne is an amazing guy. He looks at me straight in the eyes as we've discussed with director of Berkshire Hathaway and Coca-Cola takes me totally seriously, focuses on me and he says, Guy, it's the right thing to do.