A company valued at $20 billion saw its market cap plummet to $100M, but Bill Ackman countercyclically bought the dip, directly acquiring one-third of the shares. In the end, this stock skyrocketed from 34 cents to $34.


This is arguably the most unconventional gamble in modern Wall Street history.
“I called their CEO at the time, and he didn’t answer; I called again, and still no response. Six weeks later, the company was spun off, and that CEO was shown the door. Interestingly, he later called me to thank me because my move earned him a hefty severance package.”
“The current market is like a replay of 2000. Back then, everyone was frantically chasing internet concept stocks, while Berkshire’s valuation hit a historic bottom just because everyone thought it was already out of fashion.
Today, the same script is playing out with Amazon, Meta, and Microsoft, whose values are severely undervalued.”
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