Bill Ackman

In this excerpt from a session at the “Delivering Alpha” conference presented by CNBC and Institutional Investor, well-known investor Bill Ackman talks about his recently announced stake in Procter & Gamble and whether he may try to influence the company’s management.

CNBC’s David Faber discusses Procter & Gamble, and real estate, with William Ackman, Pershing Square Capital founder/CEO; Barry Sternlicht, Starwood Capital Group chairman/CEO; and Jonathan Gray, BlackStone Group. The Fast Money traders share their opinions.