Tuesday, March 15, 2016

So Long Pershing Square

Farewell then
Bill Ackman,
"Activist investor".
Whatever
that
means.

You made
a few good trades,
and a couple of friends
along the way
(like Ezra Mirkin,
and some guy you met
in a cab).

You also made
some stinkers,
and a bushelful-o'-enemies -
on The Street,
in Congress,
at the SEC,
and the DOJ
(to name a few).

"Shootin'-The-Moon"
was your
strong-suit,
but
risk-management
was not.

Which is jolly-fine
when it works,
but rather not
when clusterfucked it doesn't.

You wanted fame,
but got Valeant infamy.
Because
it's likely
that you "lost"
more investors' money
than you ever
made. 

1 comment:

Scott said...

Hmmm...direct! ;-)