Two complex trades on the economy’s swift shutdown and its fevered reopening netted almost $4 billion Paywall https://www.wsj.com/articles/bill-ackman-scored-on-pandemic-shutdown-and-bounceback-11643634004
Who else is not doing this?? WSJ thinks he is smart. Not really. In this market, pick a good trade and it can net you 35% in just a couple of days.
Or 30x if you pick the right call options for $.02 and sell $.60($300-$500 worth) by gambling. Ackman is smart, trying to maneuver his Billions making outsized returns not practical.
No. I do not do those options. Do not gamble either. Look at the thread I posted about Bill Ackman Pershing Square performance. Same as S&P 500 from 2014. Not impressed at all. Who says he is smart? He talks well. That does not make him smart.
This is correct. I like the fund managers who make oversized gains, but stay out of the spotlight. Jim Simmons may be one of them until he stumbled to the spotlight.
Wonder what Bill Ackman thinks about his smart Buy Dip of $1BB investment in NFLX?? Still as smart as a lot people think he is??