There comes a time in every hedge fund manager’s life when he must admit that he made a mistake. Sometimes that mistake was borrowing money from an investor fund to pay personal taxes. Sometimes that mistake was knocking off that hooker. Sometimes that mistake was thinking investors would be happy to hear that their one…
Follow Dealbreaker on Twitter or become a fan on Facebook.
Tags: Bill Ackman, Borders, charts, Herbalife, JCPenney, letters to investors, mistakes, Pershing Square, Retail, Target, thick and calloused skin
