He’s also $500 million poorer or at least his fund is thanks to his now locked in loss on JC Penney.
There are few more arrogant than hedge fund managers and Ackman is at the top of the heap.
Watching him fall has been pure joy for many and profitable for others. Now you can do the same. Simply do the opposite of whatever Ackman does.
It may be simplistic, but I suspect doing as Ackman doesn’t do will work for you. You will also be on the side of some heavy hitters that are making a mint off of doing the opposite of this head strong, egotistical hedge fund manager.
In a fantasy football draft there is a popular strategy called, “doing the opposite”.
Now you can do the opposite of Ackman and likely profit as well.
Here are 3 anti Ackman trades that I would consider moving on immediately: