Paraphrasing my RealClear colleague Joe Calhoun, you can’t invest like everyone else and expect to outperform. Bill Ackman’s billionaire status at such a young age signals that he’s well outperformed as an investor, and the source of his outperformance has been his courage to go against the grain with great frequency.
Ackman’s contrarian approach doesn’t extend to his economics, however. Where he’s unconventional in his capital allocations, he’s highly conventional with his views on the economy.
Take a recent Twitter post from him about Bitcoin, energy and inflation.
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