<\/p>\n
Billionaire hedge fund manager Bill Ackman thinks quality stocks are still cheap even though the market recently printed fresh all-time highs.<\/p>\n
In a new CNBC interview<\/a>, the founder and CEO of Pershing Square Capital Management says his firm recently raised $5 billion and is actively deploying that capital, with about 35% already deployed.<\/p>\n \u201cInterestingly, despite the overall market move, I think stocks \u2013 the companies we like \u2013 are still pretty cheap. When people compare market multiples, today we\u2019re maybe something in the low 20s, 20-21 times earnings, something like this. And while the market averages 16-17 times in history, the average company of 20 years ago is very different than the average company of today. <\/em><\/p>\n These are market-cap weighted indices. It used to be really big companies couldn\u2019t grow very quickly. Now the biggest companies are among the fastest-growing high-quality businesses in the world, so the mix of the market is much higher-quality, much faster-growing, much better businesses, so if you\u2019re paying a low 20s multiple on an overall-market basis, it can be cheap.\u201d<\/em><\/p>\n Ackman also notes that \u201cevery company is an AI company today.\u201d<\/p>\n \u201cThe key is, is AI going to disrupt to or is AI going to enhance your business?\u201d<\/em><\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Billionaire hedge fund manager Bill Ackman thinks quality stocks are still cheap even though the market recently printed fresh all-time highs. In a new CNBC interview, the founder and CEO of Pershing Square Capital Management says his firm recently raised $5 billion and is actively deploying that capital, with about 35% already deployed. \u201cInterestingly, despite […]<\/p>\n","protected":false},"author":2,"featured_media":426496,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-426490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=426490"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426490\/revisions"}],"predecessor-version":[{"id":426497,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/426490\/revisions\/426497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/426496"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=426490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=426490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=426490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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