Bill Ackman on the worst position in his portfolio and why he is still holding it

Pershing Square founder Bill Ackman tells Brian Sozzi that his worst-performing position is also the one he thinks has the most upside: Fannie Mae and Freddie Mac, which his firm has held for 13 years on a bet they are released from conservatorship. They are down more than 60% this year and he says they are $4 stocks he values at $40 to $50 — a call that rests on a decision only the president can make, and he says he has discussed the companies with him. He also explains why Anthropic, which he calls perhaps the business story of the century, does not fit his portfolio. He holds the positions discussed. Figures and forecasts here are his own.

Featuring:
Bill Ackman, Founder and Chief Executive Officer, Pershing Square Capital Management
Brian Sozzi, Executive Editor, Yahoo Finance

Watch the full day of Yahoo Finance Invest: https://youtube.com/live/rAYVxDJYeAc

Timestamps
0:00 Why he thinks markets are heading back toward sanity
1:38 Is this a buying moment, or is the Nasdaq still falling?
2:55 Anthropic: A remarkable business, and a very hard one to value
5:20 Fannie and Freddie, 13 years in, and the case for a 10x
8:20 Why he still likes Microsoft and Netflix
11:19 What happens when a new Anthropic release lands
12:46 Why he defended Nvidia’s chief executive
15:23 Founder-led companies and the succession question
16:23 Kevin Warsh, and whether the Fed is doing a good job

#BillAckman #Investing #FannieMae #YahooFinance

==
AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors.
👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571