Palihapitiya Dumps $200 Million Worth of Virgin Galactic
SPAC King remains chairman but his eagerness to sell below $15 does not set a good example for those holding smaller stakes. Time to exit?
SPAC King remains chairman but his eagerness to sell below $15 does not set a good example for those holding smaller stakes. Time to exit?
"If the wealth tax passes, go out and buy yourself some gold because people are going to rush to find ways of hiding their wealth."
Faked headlines and press releases are no way to steer a multi-billion-dollar stock through already unsettled market conditions. Step up, SEC!
Ackman is also grandiose, controversial and even a bit odd. Betting on the death of fellow shareholders might simply be a rhetorical flourish.
On CNBC last month, Jim Cramer gave the fund manager a suggestion: "Memo to Cathie Wood, close your fund." Wood fired both barrels back at the gadfly.
“Bonds are very risky right now,” said Campbell Harvey, a finance professor at Duke University who pioneered the yield-curve prediction tool.
"I think this kind of crazy speculation in enterprises not even found or picked out yet, is a sign of an irritating bubble."