Wednesday, March 25, 2020

Reaping a windfall in a time of crisis

Bill Ackman doesn't hit a home run every time he comes to the plate, but when he does, it can be that legendary shot that shatters a windshield a block away from the ballpark.

Like when he pocketed a couple of billions for fixing up CPRail. The fact that he killed five thousand great working class jobs in the process just enhances his reputation as a financial genius.

But look at what he's done in these dark days. The CPR thing took a few years.

Bill just made the same pile in three weeks, betting on the coronavirus!

Google Bill Ackman and see what comes up.

Regardless of how you feel about hedge fund billionaires, his observations about the current crisis are well worth reading.



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