Key Points
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Bill Ackman’s investing strategy of taking large positions in just a few companies and holding them for the long term flies in the face of conventional hedge fund wisdom.
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Ackman just acquired a significant stake in Meta Platforms.
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He believes concerns about the company’s AI spending plans are overblown and that the stock is trading at a discount.
Billionaire Bill Ackman is something of a legend in investing circles. The activist investor heads up Pershing Square Capital Management — the hedge fund he founded — with roughly $20 billion in assets under management.
His strategy, which involves acquiring sizable positions in just a few stocks and holding them for years, has been remarkably successful. Pershing Square returned 34% in…
