Bill Ackman bought a third of a $20 billion company after it crashed to $100 million - the stock went from 34 cents to $34
it's the most contrarian bet in modern Wall Street history
"I called the CEO, he didn't return my call - I called again, he didn't return my call - six weeks later they spun off the company, the CEO got fired, then he called to thank me for his exit package"
"there are analogies to 2000 - people got excited about internet stocks and Berkshire traded at the lowest valuation in its history because people said that's all old stuff
a similar thing is happening today to Amazon, Meta, Microsoft - they're undervalued"
bookmark and watch it today - 29 minutes that will change how you think about AI, markets, and what makes a great investment ↓
Ron Baron put $1.7 billion into SpaceX while it was private - it turned into $15 billion
he just placed a billion dollar order at the IPO and said "10 trillion, 20 trillion, 30 trillion and I could be very low"
he started with $100 million in 1992, made his clients $61 billion in profit when he was a kid he drove an ice cream truck, now the president of the NYSE comes to him for advice
"I pushed all the chips to the center of the table to be tied to the most successful man on the planet, clearly risky, but that's my game"
"never bet against the guy with superpowers who would never give up"
bookmark and watch it today ↓