Greetings from an undisclosed location, from vacation with the kids that has caused my feet to bleed. Nothing can keep me from posting this piece of news, so you know.
You are bearing witness of a great hedge fund manager blowing up, like a giant fireworks display in the sky. As spectators, all we can do is watch Bill explode and gawk at the pretty colors.
Right now, his fireworks display is flowing bloody red.
For the first quarter of 2016, Montauk Bill Ackman knifed lower by 25.6%, toppling over by 7% in March alone–a month marked by a most perverted and distinctive stock market rally.
His losses are so asinine, one has to imagine what’s going on inside of his big brain. Clearly, the man knows what he’s doing. Most people in the business have a hard time raising as little as 10 million. Bill was running nearly 20 billion at his heights.
But all good things come to an end. Pershing Square has been sacked by the catamites at Valeant Pharmaceuticals.
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Enjoy the amusement park. Wherever it may be. $VRX will double then go lower. At some point.
kids spring break?
daaayyymn Daniel
if you are here enjoy. be warned people don’t drive well and no one speaks english.
model is unsustainable. eventually generic window will be shortened, then what do you do?
buying up drugs about to go off patent and then juice the price is crazy. what is more crazy is using debt, should have used their stock as currency on these deals.
Guess Buffet was right when he bet index fund vs hedge funds.
I think Ackerman is running an unHedged Fund: how else to explain the losses? For example, if he could have shorted other biotech/pharm stocks when he went long Valeant. He would have still had losses, but not as large.