Bill Ackman on COVID-19

[audreyh1]

No, not yet.

Not when some people still say it's no big deal, even as NYC is building field hospitals.

Oh I know not yet. Just the beginning.

 

[ERD50]

Among my lessons from ‘01 and ‘09, one needs to carefully curate sources for advice, and then listen to those same sources across time and all the phases of economic and investment cycles.

And then ignore them and follow your own re-balance guidelines?

-ERD50

 

[Sunset]

Promoting the fear before buying stocks.

Now it's reported he as gone long on everything...

https://seekingalpha.com/news/3554774-ackman-goes-all-in-on-recovery

Time to sell

 

[Helen]

https://markets.businessinsider.com...-tanks-stock-market-economy-2020-3-1029035562

The hedge-fund billionaire Bill Ackman turned a $27 million position into a $2.6 billion windfall as the coronavirus outbreak dragged stocks to multiyear lows and threatened deep economic recession.
Pershing Square Capital Management turned to credit protection on investment-grade and high-yield bond indexes to bet on an increased risk of corporate default.
The multibillion-dollar profit offset losses elsewhere in Ackman's portfolio and drove a 7.9% gain in March through Tuesday's close for Pershing Square's public fund, The Wall Street Journal reported.
The fund has since used its profits to bolster bets on Berkshire Hathaway, Hilton, Lowe's, Restaurant Brands International, and Agilent.

 

[ivinsfan]

Now it's reported he as gone long on everything...

https://seekingalpha.com/news/3554774-ackman-goes-all-in-on-recovery

Time to sell

I commented here when the market first started showing some big down days. These guys don't give a crap about what the market does, they can make plenty of money going up and down, up and down, up and down. they manipulate the market and then act like they are geniuses.

Oh but of course this isn't insider trading this dude deserves to rot you know where and STFU