Tuesday, March 15, 2016
Valeant...another disaster for Bill Ackman. What's with this guy? What's with all these guys?
Valeant shares are getting pummeled today. Hedge fund guy, Bill Ackman, was long a boatload. He's getting creamed.
That comes after his disaster with shorting Herbalife. That was a disaster even despite teh fact that he tried to get the government to intervene on his behalf and start an investigation into the company. (Sleaze.)
Then we find out he recently shorted the Chinese yuan because he thought there was going to be a "debt crisis" in China. Like, China would run out of yuan. The other idiot that did that was Kyle Bass, who keeps losing money in one fictitious debt crisis after another. (Remember the Japan debt crisis he predicted?)
What's wrong with these guys? Ackman, Bass, Einhorn, Gross...they all suck. They all do the same, wrong thing. They're all fucking clueless.
I should be managing billions. Maybe I suck at marketing. Yeah, I do.