CNBC’s Carl Quintanilla moderates a panel on real estate. Many real estate investors got torched during the financial crisis. Is now the time to come back to real estate, with Bill Ackman, Pershing Square Capital Management LP founder and CEO; Barry Sternlicht, Starwood Capital Group chairman & CEO; and Sam Zell, Equity Group Investments chairman.
Bill Ackman is buying Hong Kong dollar call options, The easiest way for the authorities to allow the currency to appreciate would be to change the peg to HK$6 versus per U.S. dollar, a 30 percent gain, and then link to the yuan over three to six years. For 28 years the currency has been pegged.
Coho Capital 2Q20 Commentary: Podcasts, The New Talk Radio
Coho Capital commentary for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear Partners, Coho Capital returned 46.6% during the first half of the year compared to a loss of 3.1% in the S&P 500. Many of our holdings, such as Netflix, Amazon, and Spotify, were perceived beneficiaries Read More
Ackman’s reasoning is that he thinks the best way to stop inflationwhich has accelerated to 7.9%, is to allow the Hong Kong Dollar to appreciate in value. Ackman thinks that this will happen by 2015.
Below is Bill Ackman’s full video presentation on the Hong Kong Dollar and a link to the 154 page presentation:
To view the full text presentation online, click on the following link-