Apparently it involves going long the US housing market. [PDF via Whitney Tilson]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
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Apparently it involves going long the US housing market. [PDF via Whitney Tilson]
You can log in with your account or comment as a guest below.
Bess, I hope you’re being paid more for these increasingly instrusive ads. If you are that’s cool, but if not it’s beginning to become a little annoying how there seems to be more and more of them.
-guy not trying to bitch but hoping Bess is at least getting a cut from his minor annoyance.
Reminds me of the old commodities joke.
How do you make a small fortune in the commodities market?
Start with a large fortune…
I love the end where he says, if global investors allocate 1% of their wealth to US houses, the price will go up like crazy! The same can be said for every single other asset with a market cap less than 1 trillion. Yak-hide futures here we come.
would you prefer the site be subscription-based?
Congratulations! You’ve been selected to participate in our annual customer satisfaction survey, wherein you’ll be asked to complete a simple questionnaire regarding your experiences, be they positive or negative, with our sales team and merchandise. As a reward for your efforts, you’ll be entered into a drawing for the opportunity to complete next year’s survey.
That’s rather applicable to Ackman himself as well…
Is he raising a “one house” fund?
- Man behind the curtain
bill ackman is a smart guy. let’s see, investment in general growth properties (89 mm shares, check); ggp owns master planned residential communities (check); invested in howard hughes corp (5 mm shares, check); hhc involved in residential real estate (check). what to do next? hmmm, right – create pretty power point presentation on how to get rich through residential housing (check). other than that, I have no concerns…
I can’t wait until the Harvard Endowment gets a call from a renter in suburban El Paso requesting a toilet repair.
I can’t wait until the Harvard Endowment gets a call from a renter in suburban El Paso requesting a toilet repair.
Little late, bro.
I sure hope so.
http://online.wsj.com/article/SB10001424052748703989004575653170534966444.html?mod=googlenews_wsj
I’ve always felt that Ackman, like Nails, overvalues real estate. Sure it worked out with GGP, but nearly every stock Ackman buys is because he has some crazy real estate ideas for it. SHLD, TGT, JCP, MCD, Wendys. He just seems to be a perma bull on real estate.
He needs some “I’m long your house” shirts
Yeah, but can Mr. AckAck teach me how to Dougie?
I’m fairly certain Eddy Lampert and Bill Ackman are different people but I could be wrong.
Well, the website existed before and was just as good. There were less ads and so assuming the hosting costs have remained constant, more ads should lead to greater revenue should it not? Are you following me now? Where is this increased margin going? Is it going to Bess or Breaking Media?
Thanks for your carefully considered question.
heard long JOE is the trade of the year
-david “don’t call me finkle”
Totally. Coffee is one of the best performing commodities, a cup of JOE is killing it.
God ain’t making any more of it.
Amazing. My 12 year old just did the exact same presentation. My boy has a little more data in his, but Ackman’s presentation would probably merit an A- in 7th grade. Nice job Willy!
Didn’t Bill already make a fortune in housing? Other than that, I have no concerns…