Her Lao
2016-03-16 02:04:21 UTC
https://www.yahoo.com/finance/news/bill-ackmans-publicly-traded-vehicle-151404823.html
I've been following this guy --- Bill Ackman --- and his VALEANT PHARMACEUTRICALS, VRX, for some time, and I don't understand how he thinks he's gonna make money defending the "business model" this company's been engaging in the last a couple years...
Last August, VRX was about $250 per share; today, it is $33.54, after falling, in just one day, 51% plus.... So, naturally, today alone, Bill Ackman lost around $1B... on paper.... luckily, as a multi-billionaire paper-chasing hedge fund manager, he still has enough money to rebuild again.
But if us little people lose 30-50% of our capital, from a concentrated investment like Bill Ackman ---- which is also a tactic I like to do --- we are out...
I've been following this guy --- Bill Ackman --- and his VALEANT PHARMACEUTRICALS, VRX, for some time, and I don't understand how he thinks he's gonna make money defending the "business model" this company's been engaging in the last a couple years...
Last August, VRX was about $250 per share; today, it is $33.54, after falling, in just one day, 51% plus.... So, naturally, today alone, Bill Ackman lost around $1B... on paper.... luckily, as a multi-billionaire paper-chasing hedge fund manager, he still has enough money to rebuild again.
But if us little people lose 30-50% of our capital, from a concentrated investment like Bill Ackman ---- which is also a tactic I like to do --- we are out...