The fund’s philosophy is devoted to fundamental analysis with a value-oriented approach, and sometimes activist investing as well.
Ackman, with his expertise managed to turn his initial million investment into over billion.
Some believe his rather stubborn personality is to blame for his relentless investments.
One of his most recent and prominent investment failures was the loss of $1.8 billion, in 2009, from his investment in Target.
It becomes hard to interpret information in a way that is positive.
I’m emotionally very neutral about economic things.
During that period, Ackman shorted some of the major players of the subprime industry which included Freddie Mac, Fannie Mae, MBIA and Ambac, which ended up a major win of billions of dollars.