Bill Ackman on dealing with disaster: “Make a little progress every day”

This is not my first proximity to disaster. I had another moment in my career, like 2002, and I learned this method for dealing with these kind of moments, which is you just make a little progress every day. So today I'm going to wake up, I'm going to make progress. I'll make progress in the litigation, I'll make progress in the portfolio. I'll make progress with my life. And progress compounds a bit like money compounds. You don't see a lot of progress in the first few weeks, but 30 days in, okay, you can't look up the mountaintop where you used to be, because then you'll give up. But you just, okay, just make step by step by step. And then 90 days in, you're like, okay, I was way down there. Okay, I'm okay. I don't look up. Just keep making progress. And progress really does compound. And one day you wake up, wow, it's amazing how far I've come. And if you look at a chart of Pershing Square, our company, that huge drop that felt like a complete, unbelievable disaster, looks like a little bump on the curve. And it really gives you perspective on these things. You just have to power through. And I think the key is nutrition, sleep, exercise, and a little progress every day and good friends and family. I had to go take a walk with a friend every night and a sister who loves me and parents who are supportive, but they were all worried about their son, their brother. It was a moment.