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Bill Ackman Takes on Charlie Munger In Moral Debate
And people are like, "Gee Bill Ackman you own quite the investment in both Burger King and Tim Hortons." Oh, and last I checked Oreos aren't health food.
Honestly, Ackman has gotten himself into too much drama as a result of the Valeant investment.
"Mr. Ackman’s absolutism does have its limits. Earlier in the year when Pershing Square weighed whether to take a position in Oreo cookie maker Mondelez International Inc., the firm was satisfied that the company in its view met a couple of key criteria: It presented an opportunity for further cost cutting and could be a potential takeover target.
But Pershing Square’s staff worried about Mr. Ackman’s hard line on sugar. A colleague brought Mondelez products to the investment committee and waited to see if Mr. Ackman would eat an Oreo. He ate two. (me: LOL, THE KING APPROVES! WE CAN NOW GO FORWARD!) That was the go-ahead to start buying.
“Everything in moderation,” Mr. Ackman said Wednesday. “It’s complicated.”
He pointed out that Mondelez products such as cookies and candy bars can be treats after a healthy meal, not outright replacements as Coke products can be for water. "
Ackman is incredibly against sugar, but spins Oreos as okay while criticizing Munger and Coke. Goes on a crusade against Herbalife, while dropping a huge amount on Valeant which jacks up drug prices. ----
The saddest and most hilarious thing is that Oprah made a better investment than either of them this year by causing an enormous short squeeze in Weight Watchers.
This may be a stupid question. Buffett and Munger maybe talk once a year in their annual conference. Ackman - a hedge fund manager. Just go and manage money for your hapless victims, err, I mean investors. WTF do you have to blab in public?
Why do people simply not do their job, or what job they think they are doing, or what job others think they should be doing? Why don't they just shut up and get on with it? Only investors in Ackman's hedge fund need to know what he thinks of Valeant. No one else does.
Munger criticized Valeant. Ackman can criticize Coke. WTF is he criticizing Munger? Now if Munge called Ackman and a**hole, I will criticize Munger. For not doing so earlier.
Comments
Honestly, Ackman has gotten himself into too much drama as a result of the Valeant investment.
"Mr. Ackman’s absolutism does have its limits. Earlier in the year when Pershing Square weighed whether to take a position in Oreo cookie maker Mondelez International Inc., the firm was satisfied that the company in its view met a couple of key criteria: It presented an opportunity for further cost cutting and could be a potential takeover target.
But Pershing Square’s staff worried about Mr. Ackman’s hard line on sugar. A colleague brought Mondelez products to the investment committee and waited to see if Mr. Ackman would eat an Oreo. He ate two. (me: LOL, THE KING APPROVES! WE CAN NOW GO FORWARD!) That was the go-ahead to start buying.
“Everything in moderation,” Mr. Ackman said Wednesday. “It’s complicated.”
He pointed out that Mondelez products such as cookies and candy bars can be treats after a healthy meal, not outright replacements as Coke products can be for water. "
Ackman is incredibly against sugar, but spins Oreos as okay while criticizing Munger and Coke. Goes on a crusade against Herbalife, while dropping a huge amount on Valeant which jacks up drug prices.
----
The saddest and most hilarious thing is that Oprah made a better investment than either of them this year by causing an enormous short squeeze in Weight Watchers.
Why do people simply not do their job, or what job they think they are doing, or what job others think they should be doing? Why don't they just shut up and get on with it? Only investors in Ackman's hedge fund need to know what he thinks of Valeant. No one else does.
Munger criticized Valeant. Ackman can criticize Coke. WTF is he criticizing Munger? Now if Munge called Ackman and a**hole, I will criticize Munger. For not doing so earlier.