Bill Ackman says it’s one of the best times in a long time to buy quality stocks
(CNBC) Billionaire investor Bill Ackman sees current market dislocation as an opportunity to invest in discounted high-quality companies, urging investors to ignore macro fears.
Bill Ackman, CEO of Pershing Square Capital Management, believes that the current market turmoil has created a rare chance to invest in top-notch companies at bargain prices. He encourages investors to focus on deeply discounted opportunities and not be swayed by broader economic concerns. Ackman specifically mentioned U.S. mortgage giants Fannie Mae and Freddie Mac as undervalued assets with significant potential for high returns. This bullish stance comes amidst market volatility caused by factors like rising energy prices and inflation worries. Ackman also highlighted the optimistic outlook for a potential peace dividend resulting from recent geopolitical developments. President Donald Trump’s comments on the tensions with Iran further influenced market sentiment. Despite Pershing Square Holdings experiencing a 19% year-to-date decline, the firm’s plan to list on the New York Stock Exchange under the ticker “PS” could provide public investors with direct exposure to its strategic investments, following a similar model to Warren Buffett’s Berkshire Hathaway.
