Man loses $430 million from Netflix crash
- Thread starter 2022TheEndGame
- Start date
Also its where you sell that counts.
Hes managing $10 bil or so atm ?
I think he has no options but to hold now.
Unless he can flip few more of those big shorts, to diminish the ,,loss" on this one.
Even Cathey Woods had better picks and timming.
Still Ackman is, a real deal.
My first video about finance ever, was his explanation of balance sheet, while using a lemonade stand example. (Smiles)
Yet, charging for lunch much less.
Lunch with him - $20 000
With Buffet - $20 000 000
It's all relative. What's his relative loss, ie. loss in percent?
Two fakers running in circles.
You're the one that said it, not me...
He sold and took the 400m loss.
I also wonder, he probably took a 30%-40% loss.
Does he think the situation can get worse, or that he can better allocate the capital to make up for it?
Nasdaq has crashed almost -35% for 2022. All the traders, investors and billionaires have losses
buffet is right, most hedge funds are silly entities pretending to be professional alpha
generating operations.
other than a handful, its all bullshit imo. Ackman included.
generating operations.
other than a handful, its all bullshit imo. Ackman included.
Ever heard of the concept of going short?
Or hedging one trade against another, or one market against another?
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My point is why did he exit, I know what's happening and I don't think 35% is a very big deal during a crash/crisis to realize a loss of a stock you believe in, unless you are leveraged, or you think this is the tip of the iceberg, or anything that makes you re-evaluate the investment and change course. There is hedging too.
At the end of the day it's a 5% loss if he manages 10bn, lots of money but not the end of the world, and definitely not enough to mock Ackman.
https://www.barrons.com/articles/ho...navirus-crisis-51585147940?mod=article_inline