![]() We were not bankruptcy investors, experts in bond insurers or credit default swaps, nor did we know anything about viruses or pandemics."Ĥ. In each case, we were the naive ones when we made these investments. "Each of these investments were met with extreme skepticism at the time they were made. ![]() ![]() "Our best investments have been: (1) in the stock of a real estate company going bankrupt, (2) from betting that a triple-A rated company was insolvent, and (3) betting that a virus in China would cause a global economic shutdown." (Ackman reportedly made $800 million on bankrupt CRE in 2009, earned $1.4 billion after shorting the largest bond insurer MBAI that same year, and turned $27 million into $2.6 billion by betting that the coronavirus pandemic would tank the stock market in 2020.)ģ.
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