Billionaire Bill Ackman Recently Bought One of My Favorite Stocks. Here's Why I Think It Was a Brilliant Move.

Bill Ackman is a billionaire nine times over, according to Forbes. He made his vast wealth by running Pershing Square Capital, the hedge fund he founded 20 years ago. He increased his fame (and made a lot of money) during the financial crisis by betting against bond insurer MBIA and rescuing mall operator General Growth Properties. Ackman has a concentrated investment style. His fund typically has 10 holdings or less, and when he finds something he likes, he bets big on it. One stock he recently loaded up on is Brookfield (NYSE: BN) -- which also happens to be one of my favorite stocks and top holdings. Here's why I think buying Brookfield was a wise move that will likely make Ackman even more money. Ackman has been buying shares of Brookfield hand over fist. His stake in it has multiplied five-fold since June to 22 million shares. That position is currently worth over $1.7 billion, which is about 13% of his hedge fund's assets, making it the top holding. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool