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The World According To A Maverick, Beach-Biding Stock Picker - John Hempton
The Joe Walker Podcast
The Red Flag of a Fraud
Ackman says he knew Valiant was a fraud from the moment he saw their numbers. The company had to fit 20 drugs between 1.2% of sales and 1.8%. Ackman: "The mathematical rules about it are so tight that they have to be spaced almost dead evenly"
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