Nice of Bill to answer questions on Fannie Mae and Freddie Mac.
Not many know that Bill Ackman, Whitney Tilson, Ken, David, Guy, Zeke, Glenn and John and sometimes me had a weekly Thursday morning idea session for a bit back in the early 2000s. We all felt we were doing something rather important and just. It was an amazing time. “Value investing” worked well, and Warren Buffett was a major hero for all of us. I think just about all of us were at the 2001 Berkshire Hathaway annual meeting.