Below are the video recordings from this year's Pershing Square challenge. For those unfamiliar with it, the Pershing Square Challenge marks the culmination of a three-month competition among roughly forty teams of first- and second-year Columbia Business School Students. Bill Ackman, founder and CEO of Pershing Square Capital Management, launched the challenge in 2008. After an initial round of eliminations, five final teams present a stock pitch at the Pershing Square event. A panel of judges then selects one winning team, which receives $100,000 from Pershing Square. The winning team donates $50,000 of the prize to an area within the Columbia Business School, and can choose to do whatever they collectively decide with the remaining $50,000.
The judges for this year were:
William Ackman, Pershing Square Capital Management; Anand Desai, Eton Park Capital Management; Craig Effron, Scoggin Capital Management; Mark Gallogly, Centerbridge Partners; Greg Hall, Blackstone Alternative Asset Management; Phil Hilal, Kingdon Capital Management; Alex Klabin, Senator Investment Group; Craig Nerenberg, Brenner West Capital Partners; John Paulson, Paulson & Co.; Scott Pearl, Seneca Capital; Whitney Tilson, T2 Partners.
In the videos you get to hear some decent pitches as well as some interesting analysis / questions by some of the brightest investing minds out there. Enjoy.