Hedge fund manager Bill Ackman / Facebook
Billionaire investor Bill Ackman condemned the Ivy League school Yale for being “no different than Hamas.” He has also heaped praise on Donald Trump saying, in expectation of a stronger U.S. economy, “Growth is about to explode.”
Bill Ackman tweeted about a friend who was asked to write a letter of recommendation for someone’s daughter who was applying to Yale. Ackman posted the letter in which the friend explained why he could not do so.
“You wouldn’t ask me to write a letter of recommendation for her admission to Hamas,” reads the letter. “But Yale is no different than Hamas, a cult that abides no disagreement, and a cult certain of its purpose and mission beyond reflection. Yale is potentially even more dangerous. Hamas will be defeated shortly. Yale will continue to send its graduates into positions of power for years.”
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These were not Bill Ackman’s own words; however, by reposting them he declared his agreement with what was written.
As far as his expectations for the upcoming second Donald Trump administration, Bill Ackman wrote, “The business community is giddy with excitement about the Donald Trump administration. I am hearing this from everyone, including from people who didn’t vote for Trump. “
“Business confidence is a self-fulfilling prophecy,” he added. “Business leaders are becoming more confident about the country and the economy. This means they will be making more investments in our future which will drive the economy and the stock market, reducing the cost of capital and bolstering confidence further, catalyzing more investment and more growth in a self-reinforcing, virtuous cycle.
Ackman also said that “Merger and acquisition activity is about to explode as there are an enormous number of deals that have been deferred pending a more favorable regulatory environment for transactions” and that “M&A will drive efficiency, greater profitability and growth. It will also enable the return of capital to investors who will seek to redeploy their profits and proceeds in new investment opportunities.”
He went on to say that “China’s economy is in trouble. Europe’s is a mess” and that the U.S. has now “become by far the best country for investment” as “Growth is about to explode.”
Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund management company with over $16 billion in assets under management. He is known for his activist investing approach, which involves taking large stakes in companies and pushing for changes in their management or strategies.
Ackman is a graduate of Harvard University, earning both his bachelor’s and MBA degrees from the prestigious institution and has an estimated net worth of about $4 billion. Bill Ackman has also been involved in philanthropy and social activism. He has donated to various causes and recently became more vocal about combating anti-Semitism.
