tags: [potential/long, thesis/sad-ackerman] ...

2022-09-12

This podcast makes the case for going long $PSH, which is a closed-end fund listed in London, on Euronext and as a pink sheet. It's Sad Bill Ackman's vehicle, which has performed pretty well. It's based on a theory that it's about to list in the USA and implode its discount to NAV.

Obviously, this is fundamentally a bet that Bill Ackman is a better investor than you are. There is evidence of this, but it's hard to accept at face value.

2023-4-17: this stock really hasn't done anything. The SPX has been held up by a small number of overpriced named.