How To Go Against The Crowd And Beat The Crowd

Perhaps nobody made more money by betting against the crowd during the pandemic than Bill Ackman. The Wall Street Journal reported recently, the legendary hedge fund manager and CEO of Pershing Square Capital Management made two complex debt investments—one presaging the economy’s swift shutdown and the other its fevered reopening— Ackman made nearly $4 billionContinue reading “How To Go Against The Crowd And Beat The Crowd”

Bet On Things That Never Change In A World That Never Stop Changing

Things that never change in a world that never stops changing are the most important things to pay attention to. Change gets most of the attention, because it’s exciting and surprising. But things that stay the same – how people behave, how they think, how they’re persuaded – is the real meat of history. PeopleContinue reading “Bet On Things That Never Change In A World That Never Stop Changing”