Posts

Billionaire Bill Ackman Makes Headlines Once Again

avatar of @rollandthomas
25
@rollandthomas
·
0 views
·
2 min read

Over a year ago, billionaire, Bill made headlines when he took a $1 billion size position in home improvement Lowe’s because he thought there were opportunities to improve its supply chain to serve customers better and enhance the customer experience through strategic brands and differentiated in-store experiences.

Bill also made headlines at the end of the year when his hedge fund delivered 58% returns in 2019 after making a big investment in Warren Buffett's Berkshire Hathaway.

Bill also made headlines two weeks ago, when he came out and said he has taken steps to protect the the hedge funds portfolio from downward market volatility by hedging vs selling his positions in Chipotle Mexican Grill, Hilton Worldwide, Lowe's , etc.

People in some of Europe’s largest cities are adjusting to a new way of life as governments in France, Spain, the Netherlands and others joined Italy in imposing restrictions on tens of millions of people.

Today Bill made the headlines again when he spoke on CNBC, and suggested like China, France, Spain, Netherlands and Italy, the US needs to impose restrictions and / or lock down the country for 30 days to minimize and stop the spread of COVID-19.

Investor Bill Ackman urged President Donald Trump and corporate America in an impassioned plea on CNBC to shut down the country for 30 days to contain the fast-spreading coronavirus, calling it the only option to rescue the economy.

“What’s scaring the American people and corporate America now is the gradual rollout,” Ackman told Scott Wapner on “Halftime Report” on Wednesday. “We need to shut it down now. ... This is the only answer.”

“America will end as we know it. I’m sorry to say so, unless we take this option,” he said.

<a href=https://www.cnbc.com/2020/03/18/bill-ackman-pleads-to-trump-to-increase-closures-to-save-the-economy-shut-it-down-now.html”>Source

All 50 states in the US now have confirmed cases. In 18 of New Jersey's 21 counties there is a case of coronavirus, according to the state officials. Patients range in age from 5 to 95 and more than 50 percent of these patients in New Jersey are hospitalized. New York has more than 2,300 confirmed cases across the state and in New York City, the government is bring in a hospital on water to assist with the spike in pending cases in New York.

It may hurt, but Bill Ackman may have a point to shut down the country for a certain amount of time. Do you agree or disagree with Bill?

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

Posted via Steemleo