Ackman: The market volatility caused by the Iran war makes U.S. stocks cheap
Hedge fund Pershing Square CEO Bill Ackman believes that the market volatility caused by the Iran war has exaggerated pessimism. He stated that investors should ignore short selling.
Ackman pointed out that current corporate valuations have fallen to cheap levels, and this Iran conflict is one of the most one-sided wars in history, ultimately benefiting both the U.S. and the world, while also presenting a potential huge peace dividend. He added that now is one of the best times in a long time to buy quality companies
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