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Lords of the markets: Bill Ackman

Sunday´s Lords of the markets is here and today you will be introduced to one of the most important investors of all time.

Another of the important personalities that we will introduce to you is an American investor and hedge fund manager Bill Ackman. A man who managed to earn more than two billion dollars a year ago in a market panic.

10 points you need to know about Ackman

  • Bill Ackman was born in 1966 into the family of a real estate businessman.
  • His first step in the world of finance was the founding of the investment company Gotham, which he co-founded in 1992 with David Berkowitz.
  • While still in Gotham, he led a dispute with the financial company MBIA. As a result, he bought credit default swaps against MBIA corporate debt and still benefited greatly during the financial crisis in 2009.
  • Another dispute was led by Ackman, directly with another US billionaire and hedge fund manager, Carl Ichan. After eight years, Ackman won.
  • In 2004, he founded the company and current flagship Pershing Square Capital Management, which today has 13.1 billion dollars Assets Under Management.
  • The second clash with Carl Ichan did not turn out so well for Ackman. His bet on the shorts of Herbalife shares turned out to be fatal, after a few years it ended in a loss of 1 billion dollars and guess who just made money on it.
  • Nevertheless, his investment strategy is highly valued and much more successful in recent years.
  • The basic and his first rule is: “Make a bold call that nobody believes in.”
  • Ackman is also a prominent philanthropist, with his wife founded the Pershing Square Foundation.
  • Bill Ackman’s net worth in 2021 was $ 3.3 billion, according to Forbes.

3 quotes of Ackman

“I think good private equity investors create a lot more economic value than they destroy.”

“I am always prepared to do the right thing regardless of what other people think.”

“If I believe that I am right, I will take it to the end of the earth until I am proven right.”

Vlastimil Bijota is a co-founder of investro.com, who has been dealing with financial markets and blockchain for more than seven years. He is an investor in several fintech compani...

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