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" ... Fifty percent of Pershing Square's portfolio rests in 2 stocks, Restaurant Brands International and Mondelez International. Without regard to the merits of these 2 properties, I’ve questions. Is this money management, gun slinging, egomania or possibly an extreme form of masochistic behavior? Valeant is still a 10% position with a long road ahead in terms of reallocation of assets and rationalizing one debt heavy capital structure. I approve of Zoetis and Canadian Pacific Railway, but they’re now just remnants of past successes. ... "
" ... The late author and columnist, Christopher Hitchens once said Los Angeles is “mostly full of nonsense and delusion and egomania. They think they'll be young and beautiful forever, even though most of them aren't even young and beautiful now.” ... "