Undiscovered Compounders (@undiscoveredcompounders): "During Covid, Ackman went on TV, crying, basically pitching the end of the world, “hell is coming”, and pushing for a national shutdown. Meanwhile, Pershing Square was sitting on a huge CDS hedge built to pay if spreads blew out… and then used the crash to reload into the sello…"

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During Covid, Ackman went on TV, crying, basically pitching the end of the world, “hell is coming”, and pushing for a national shutdown.

Meanwhile, Pershing Square was sitting on a huge CDS hedge built to pay if spreads blew out… and then used the crash to reload into the selloff.

It’s like seeing a fire, buying fire insurance… and then pouring gasoline on it to buy a better house.

I still don’t understand how that didn’t at least trigger an investigation.

Can you imagine Buffett, Marks, Rochon, or anyone in that class, doing something like that?

FJ Research

Mar 13

Bill Ackman just filed to take Pershing Square public. Ticker PS. $5-10 billion target.

Let’s be honest about what this is. It’s not about giving retail investors access to a great investment vehicle. It’s about Ackman monetizing his brand, his followers, and his X account into a personal payday.

He already has Howard Hughes as his Berkshi…

Mar 15

10:05 AM

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