Bill Ackman made a huge profit by hedging against interest rate hikes.
He’s skeptical inflation will return to the Fed’s target anytime soon.
But he thinks the appetite for stocks may return later this year if inflation eases enough to justify a new course for interest rates. pic.twitter.com/82BjWi88ee
…adding to holdings like Telsa, Coinbase and Zoom.
“If you look at the fundamentals of our companies, the growth rates are still far superior to that in the general economy,” Wood told me in an interview.pic.twitter.com/fZKOE0b3CI
Warren Buffett doesn’t make short term predictions.
“We have never timed anything,” he noted last year.
But he tends to embrace periods of uncertainty.
He wrote in 2008 “bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked down price.” pic.twitter.com/TOAWSzTP37