[PODCAST] Is Bill Ackman a Good Investor?
The famous investor loves to create controversy. Sometimes, it backfires
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We discussed Bill Ackman on the podcast this week. It was published on Wednesday morning but I delayed sending this email because of the election.
The episode was a dive into his hedge fund, investing history, and case studies of his biggest wins and losses.
It ended up being a debate on whether Ackman is truly a good investor. If someone were to argue Ackman has skill, they might claim Pershing Square’s performance has beaten the market over 20 years. Which is true:
There is no denying this fact. However, if someone were to argue against Ackman’s investing acumen, they might say:
His previous hedge fund Gotham Partners shut down due to conflicting investments (Ryan dug up some good information on this for the show)
The Herbalife and Valeant debacles
Pershing Square has trailed the market for the last 10 years
As Ryan says on the show, I’m curious to what his full professional lifetime returns are if you combine Gotham Partners and Pershing Square.
It is not just about analyzing stocks. It is also about managing a portfolio and managing your emotions (which go hand in hand).
Like him or hate him, you cannot deny that you are interested in Bill Ackman. I am curious what the fund’s next 10 years look like.
-Brett
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