Value Investing

Bill Ackman’s Edsel

Bill Ackman’s Edsel

ANALYSIS/OPINION: Ford Motor Co. had its Edsel, Samsung had its Galaxy Note 7, and Pershing Square hedge fund manager William Ackman has his $1 billion short bet against Herbalife Nutrition. Mr. Ackman should take a lesson from the Prodigal Son and ask forgiveness. A hedge fund manger who does not grow wiser by the day is…

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