The always amazing and inspiring @BillAckman explains why he bought 5% of the Tel Aviv Stock Exchange with his wife: "A couple months after October 7th, I got a call from Rich Handler from Jefferies. He says, Tel Aviv Stock Exchange. I said, well, we actually haven't invested in Israel before." "He said the most you can invest is 25 million. It's just hard in the context of Pershing Square to make a $25 million investment. He says, Bill, take the meeting. Fine. I met these guys and I thought, wow, this is pretty interesting." "I pitched the team and the team said, Bill, we can't make a $25 million investment because it's going to take time and energy. Doesn't fit into a 12 stock portfolio and $20 billion of assets." "So I said, you know what? I want to be supportive of Israel. What better way to support capitalism in Israel than investing in the exchange. The only due diligence I did was I met the team." "I had to get approval from my compliance officer. So I bought 5% with my wife of the Tel Aviv Stock Exchange."