The holy spirit loves me so I can love myself and others. So that I do not seek the love of others. For persecution shows the love I have received like nothing else.
I am going to seek approval from the board of Pershing Square Holdings— in which I and my family own 23% of the shares—to eliminate its listing on the @euronext Amsterdam exchange.
The board had been considering the move because our second listing on the @LSEplc now represents more than 90% of our trading. Events in Amsterdam during the last 24 hours provide an appropriate tipping point for this conclusion.
Concentrating the listing on one exchange, the LSE, and leaving a jurisdiction that fails to protect its tourists and minority populations combine both good business and moral principles. We can also save money and improve liquidity for shareholders to boot.
I have also begun the conversation with @UMG (on whose board I sit) which is domiciled in Amsterdam as well as listed there, about moving its domicile and its listing to the United States, which will offer similar as well as other highly material benefits.
Pershing Square has a contractual right to cause UMG to be listed in the US. We will exercise this right and achieve a US listing for UMG no later than some time next year.
UMG trades at a large discount to its intrinsic value with limited liquidity in significant part due to it not having its primary listing on the @NYSE or @NasdaqExchange and not being eligible for S&P 500 and other index inclusion.
We are going to fix this. Now is a good and appropriate time to do so.
I lost $10k on my way to my first $100k.
I lost $100k on my way to my first $1M.
I lost $1M on my way to my first $10M.
I lost $10M on my way to my first $100M.
The bigger your goals, the more expensive the lessons.
It’s not a loss, it’s the price of tuition.
7 US foods banned in other countries
1. Skittles
2. Coffee mate
3. Frosted flakes
4. Fruit loops
5. American pork
6. Chlorinated chicken
7. Mountain Dew
As with all things the poison is in the dose.
Yet most of these foods were designed to be overconsumed so there's that.