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The Number One: How ‘the single best trade of all time’ netted one investor a $2.6 billion profit

30 Apr 2020

Bill Ackman had a hunch back in February that the coronavirus pandemic would have a greater impact on the stock market than investors were pricing in, so he essentially made a wager that the bubble would burst and started setting up a $27 million hedge. It turned out to be a stellar exercise in market timing.

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Covid-19 – Johns Hopkins University

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