Download the Bill Ackman Presentation

To download,
please give us your contact information below and then click finished.

Your Contact Information

Email Address :

Did You Attend the 3rd Annual New York Value Investing Congress? :

First Name :

Last Name :

TERMS AND CONDITIONS OF USE AND DISCLAIMER

The Terms and Conditions of Use ("Terms and Conditions") and Disclaimer for this web site are contained below.  Please read carefully before using this site.  This web site (the "Site") is provided by The Value Investing Congress and Schwartz-Tilson Information, Inc. (together, "The Value Investing Congress"). The information contained on this Site is provided by Pershing Square Capital Management, L.P. ("Pershing Square") and intended for informational purposes only.  Use of the Site shall constitute acceptance of these Terms and Conditions and Disclaimer.

The Value Investing Congress and Pershing Square reserve the right, at its sole discretion, to change, modify, add or remove any portion of these Terms and Conditions and Disclaimer in whole or in part, at any time. Continued use of the Site after a change has been made to the Terms and Conditions and Disclaimer shall constitute acceptance of such change.

DISCLAIMER.  Funds managed by Pershing Square and its affiliates own investments that are bearish on certain participants in the financial guarantee business including, but not limited to, MBIA and Ambac.  These investments include credit-default swaps, equity put options, and short sales of common stock. Pershing Square manages funds that are in the business of trading - buying and selling -  public securities.  Pershing Square may change its position regarding such companies and possibly increase, decrease, dispose of, or change the form of its investment in such companies for any or no reason.

Certain information contained on the Site is based upon Pershing Square's own reading of SEC filings and other public documents relating to the companies discussed in the Site.  Pershing Square's views are also informed by its knowledge of, experience in, and opinions about such companies' business and financial institutions generally.  Pershing Square has done its best to be thorough and accurate with respect to the information contained on this Site. If any reader believes that the Site contains factual errors or has additional facts that Pershing Square may not have considered, Pershing Square welcomes having those factual matters brought to its attention.

Others may disagree with some or all of the opinions expressed on the Site by Pershing Square.  Pershing Square urges anyone interested in the companies discussed in the Site to read their SEC filings and to consult whatever other sources they deem appropriate in order to form their own opinions on the topics covered on the Site.

INFORMATIONAL PURPOSES ONLY; NOT INVESTMENT ADVICE.  The information contained on the Site is provided for informational purposes only and is not intended as investment advice, an offer or a solicitation to anyone.  Prior to the execution of any security trade, any investor should consult with a broker or other financial representative to verify pricing information.

CONTENT AND OPERATION OF SITE.  The information provided on the Site is subject to change without notification.  Each of The Value Investing Congress and Pershing Square disclaims liability for errors or omissions within the content of the Site.  The Value Investing Congress and Pershing Square undertake no obligation to update or ensure that the information on the Site is the most current information available.  The Value Investing Congress and Pershing Square may terminate, change, suspend or discontinue any aspect of the Site at any time.  The Value Investing Congress and Pershing Square may also impose limits, for any or no reason, on certain features or restrict access to parts or all of the Site without notice or liability.

THIRD-PARTY SITES.  This Site may include links to web sites operated by parties other than The Value Investing Congress or Pershing Square, including content providers, advertisers and other third parties. Such links are provided solely for convenience and do not represent an endorsement of any other party or web site.  Neither The Value Investing Congress nor Pershing Square endorses or takes responsibility for any content, advertising, products or services made available on or through such third parties' web sites. All use of, or reliance on, third parties' web sites, content, products and services is at the user's own risk.  The Value Investing Congress and Pershing Square reserve the right to terminate any link to a third party site at any time.  Links do not imply that either The Value Investing Congress or Pershing Square sponsors, endorses, is affiliated or associated with, or is legally authorized to use any trademark, trade name, logo or copyright symbol displayed in or accessible through the links, or that any linked site is authorized to use any trademark, trade name, logo or copyright symbol of either The Value Investing Congress, Pershing Square or any of their respective affiliates.

PROPRIETARY RIGHTS.  All information provided on the Site by Pershing Square and its affiliates is owned by or licensed to Pershing Square and its affiliates and any user is permitted to store, manipulate, analyze, reformat, print and display the information only for such user's personal use.  In no event shall any user publish, retransmit, redistribute or otherwise reproduce any information provided on the Site in any format to anyone without Pershing Square's prior express written consent.  No user shall use any information provided on the Site in, or in connection with, any business or commercial enterprise, including without limitation any securities, investment, accounting, banking, legal or media business or enterprise, without Pershing Square's prior express written consent.

NO WARRANTIES.  THIS SITE IS PROVIDED STRICTLY ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED.  NEITHER THE VALUE INVESTING CONGRESS NOR PERSHING SQUARE MAKES ANY REPRESENTATION, WARRANTY, OR GUARANTY AS TO THE RELIABILITY, TIMELINESS, QUALITY, SUITABILITY, AVAILABILITY, ACCURACY OR COMPLETENESS OF THE SITE OR ANY CONTENT.  NEITHER THE VALUE INVESTING CONGRESS NOR PERSHING SQUARE REPRESENTS OR WARRANTS, AND EACH OF THEM DISCLAIMS, ANY REPRESENTATION OR WARRANTY THAT: (A) THE USE OF THE SITE WILL BE TIMELY, UNINTERRUPTED OR ERROR-FREE OR OPERATE IN COMBINATION WITH ANY OTHER HARDWARE, SOFTWARE, SYSTEM OR DATA, (B) THE SITE WILL MEET REQUIREMENTS OR EXPECTATIONS, (C) THE QUALITY OF ANY INFORMATION, OR OTHER MATERIAL OBTAINED THROUGH THE SITE WILL MEET REQUIREMENTS OR EXPECTATIONS, (D) ERRORS OR DEFECTS WILL BE CORRECTED, OR (E) THE SITE OR THE SERVERS(S) THAT MAKE THE SITE AVAILABLE ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.  TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL CONDITIONS, REPRESENTATIONS AND WARRANTIES OF ANY KIND WHATSOEVER, DIRECTLY OR INDIRECTLY, WHETHER EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT OF THIRD-PARTY RIGHTS, WITH RESPECT TO ANY GOODS OR SERVICES TO BE PROVIDED HEREUNDER, ARE HEREBY DISCLAIMED BY EACH OF THE VALUE INVESTING CONGRESS AND PERSHING SQUARE.

LIMITATION OF LIABILITY.  IN NO EVENT SHALL THE VALUE INVESTING CONGRESS, PERSHING SQUARE OR THEIR RESPECTIVE AFFILIATES BE LIABLE HEREUNDER, UNDER ANY THEORY OF LIABILITY WHATSOEVER (INCLUDING WITHOUT LIMITATION NEGLIGENCE AND STRICT LIABILITY) FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OR FOR LOSS OF PROFITS, REVENUE, PROGRAMMING, (WHETHER IN AN ACTION IN CONTRACT, TORT, PRODUCT LIABILITY, STATUTE OR OTHERWISE (EVEN IF EITHER THE VALUE INVESTING CONGRESS OR PERSHING SQUARE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES)) ARISING OUT OF (A) USE OF THE SITE, INCLUDING WITHOUT LIMITATION ANY LOSS OR DAMAGE CAUSED BY ANY RELIANCE ON, OR ANY DELAYS, INACCURACIES, ERRORS OR OMISSIONS IN, ANY INFORMATION ACCESSED ON OR THROUGH THE SITE, (B) INABILITY TO USE THE SITE FOR WHATEVER REASON, INCLUDING WITHOUT LIMITATION COMMUNICATIONS FAILURE OR ANY OTHER FAILURE WITH TRANSMISSION OR DELIVERY OF ANY INFORMATION ACCESSED ON OR THOUGH THE SITE, (C) THE DELETION, CORRECTION, DESTRUCTION, DAMAGE, OR LOSS OF ANY INFORMATION CONTAINED ON THE SITE, OR (D) ANY OTHER MATTER RELATING TO THE SITE.

BECAUSE SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, IN SUCH JURISDICTIONS THE VALUE INVESTING CONGRESS AND PERSHING SQUARE'S AGGREGATE LIABILITY WILL BE LIMITED TO THE EXTENT PERMITTED BY THE LAWS OF THAT JURISDICTION.  IN NO EVENT SHALL THE TOTAL LIABILITY OF THE VALUE INVESTING CONGRESS AND PERSHING SQUARE FOR ALL LOSS OR DAMAGE EXCEED $50.00.

CHOICE OF LAW.  These Terms and Conditions and Disclaimer shall be governed by the laws of the State of New York, without giving effect to its conflict of laws principles.  All disputes arising under these Terms and Conditions of Use and Disclaimer shall be subject to the exclusive jurisdiction of the appropriate state or federal court in New York County, New York.

ADDITIONAL TERMS.  If for any reason a court of competent jurisdiction finds any provision of these Terms and Conditions and Disclaimer, or any portion thereof, to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to effect the intent of these Terms and Conditions and Disclaimer, and the remainder of the provisions set forth herein shall continue in full force and effect.

I have read and accept the disclaimer above