iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

Ackman Apologizes For Being a Retard, Incurs $4 Billion Hit and Jogs On

What the fuck? Who takes a hit like that can keeps his job?

Bill Ackman got fucking graped in $VRX, losing upwards of 95% on his investment for his friends and colleagues. Ergo, he’d like to apologize for the small set back.

“We deeply regret this mistake, which has cost all of us a tremendous amount,” he wrote.

“My approach to mistakes is that I personally assume 100 percent of the responsibility on behalf of the firm,” said Billy in his annual letter to clients on Wednesday.

Essentially, a website named after a fruit destroyed him — top down. Even if he regains his wealth, he’ll never recover his confidence. In that regard, the old Ackman who’d splayed himself across Wall Street — BARED NAKED — is gone.

Ackman is down 2.5% for the year — but promised a quick recovery.

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16 comments

  1. dopefeller

    Obama Phone is new – http://ibankcoin.com/flyblog/2012/09/27/how-this-legal/

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  2. jahfari

    Fly,
    You sir are generally an asshat.

    Please stop publishing fake news (Obama Phone).

    This is coming from both an EXODUS member and an After Hours member that appreciate your services.

    Thx.

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    • Dr. Fly

      Shut up

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    • dopefeller

      Exodus member here as well. Done on 3/31

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      • dopefeller

        Buy when the hybrid score prints oversold. Because everything is oversold.
        Buy when the hybrid score print overbought. Because everything goes up when the score is overbought.

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      • Dr. Fly

        Thank you for your business. It definitely helped me advance our Orbital Space Cannon project, which will be used to destroy coastal California.

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  3. sarcrilege

    Ackman? FAIL.

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  4. Dr. Fly

    I lost money last year after Trump got elected, sold out of my gold stocks and went all in on UEC — which made back my losses inside of a week of trade in 2017.

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  5. natehois

    What’s with all the Fly hate lately? God if you jackasses want some confirmation bias to read go fuck with businessinsider or something.

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  6. Dr. Fly

    They turned on me because I don’t agree with their world view. It’s okay. I have plenty of new readers and support.

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  7. zola

    Back on topic – as Ackman joins the swelling ranks of Hedgies that have turned into trading Zombies – one must revisit the famous duel on the phone that was vastly entertaining (during his Herbalife crusade) (fuck me it is four (4!) years ago now):

    Billionaire Showdown: Bill Ackman vs. Carl Icahn (FULL INTERVIEW)
    https://www.youtube.com/watch?v=hCZRk1lL90Q

    As mentioned in the comments: Nerv ClaX11 months ago
    “Still my favorite moment in CNBC history.”?

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