3 Lessons From Bill Ackman That Every Investor Needs in the Coronavirus Era
Fearing a material decline in the markets as concern mounted about the health and economic impacts of the COVID-19 pandemic, activist investor Bill Ackman considered liquidating the entire portfolio of Pershing Square Holdings (LSE: PSH). But instead of selling all the hedge fund's holdings for the first time in its history, Ackman made a big bet on a hedging strategy in late February that turned $27 million in premiums and commissions into $2.6 billion.
Instincts like this, and a history of controversial bets, have helped Ackman amass a fortune worth more than $1.6 billion. He's clearly an investor worth listening to, and some of his wise words in a recent letter to Pershing investors provide important guidance for those putting their money into the markets amid the turbulence of the coronavirus era. Here are three things Ackman told shareholders that every investor should think about.
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Source Fool.com
