Last week Pershing Square’s founder and CEO, Bill Ackman, made an impassioned plea on CNBC to shut down the country for 30 days to contain the fast-spreading coronavirus. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Ackman’s comments sent the stock market into a melt-down. The S&P 500 dropped 7% after his interview, triggering a 15-minute ‘circuit breaker’ trading halt. Ackman’s emotional interview In the emotional interview, Ackman revealed he went into lockdown almost a month ago to save his father’s life who is immunocompromised. He also said that as…
Bill Ackman’s Meltdown Comes As Pershing Square Outperforms
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk