6 billion compared with premiums paid and commissions totaling $27 million.
"The federal government and the U.S. Treasury have intervened in financial markets in an unprecedented fashion, and the Congress is on the brink of passing legislation which will help bridge the economy and our country's workforce and citizens during what we believe to be a temporary but massive economic shock," Ackman wrote.
For those reasons, "we became increasingly positive on equity and credit markets last week, and began the process of unwinding our hedges and redeploying our capital in companies we love at bargain prices," he added.
You are paying 2/20% fee for his brilliant idea of Starbucks? Wow I have never heard of this company before and never thought about investing in it until Ackerman brought it to me.
Reinforcing his positions from last week
BIG MISTAKE
Hell is coming!!!!. O look money from the government. Buy buy buy .. Biggest Assholes are on Wall St.
It is a good day to buy hard. 🤗
Of course he did. WITH YOUR HELP! Letting him come on the air and scream the sky is falling was shameful! You should be more thoughtful when choosing guests and not allow manipulators screen time! Please and thank you 🙏
When you can’t pick stocks manipulate them
Bill ackman should be investigated by sec
What happened to “Hell is coming?” I guess the same as when he shorted Herbalife and lost $$$$$.
Do you guys get a kickback for helping him clear the last 20% when you had him on air fear mongering?
ScottWapnerCNBC Which shows that his remarks last week on the Halftime were disingenuous. 'Millions will die', 'hell is coming' etc. One week later. 'I am all in'
He was the crybaby on cnbc spreading doom and gloom causing people to panic sell so he could buy lower.. what a jerk
One word. “Philidor”
so we should call him ' world saver' lol
What, tough times are over?
Never have I wanted the market to tank so bad in my life as now.
who cares. Please show everyone his 10year track record.
Lying sack.
We will prevail! The sinful leveraging was last gasp failed KillsShot to take down USA/Trump. As USA markets are headed to test 2008 lows—The rippling damage has been done...in a thinning of the herd. Smart money was out early & now nibbling back on the way down.
its ok, everybody make mistakes.