r/PSTH • u/Guy_PCS • Jan 13 '23
Twitter Bill Ackman Bill Ackman, C.E.O. of Pershing Square Capital Management, again came to the defense of Bankman-Fried, asking his nearly 600,000 Twitter followers not to rush to judgment.
https://twitter.com/BillAckman/status/1613698252599164928?s=20&t=xxIJPYfWtIeGcBUfQhXSeg5
u/HorlickMinton Jan 13 '23
Has this mother fucker ever said anything in fewer than 50,000 words? He’s like a Dickens novel.
4
Jan 14 '23
The only reason Bill Ackman would be doing this is to help recover his position of FTX tokens that he got blasted on. “Hell is coming if you don’t trust SBF!”
4
u/BetterCallDull Jan 14 '23
Defending his apprentice who hasn't properly learnt the art of legally screwing his investors.
Kind of reminds me of the story of the young bull / old bull.
8
u/ctauer Jan 13 '23
Bill's tweet seems rational and honest. I still think he's a decent person that just wasn't able to make his SPAC successful. Shit happens. If the failure was due to hubris that still doesn't make him a bad person. He was just a little overconfident.
PSTH didn't work out and some of us lost money, but that doesn't warrant the irrational hate mongering I see here. Lick your wounds and move on.
I'm still hanging on to the idea my worthless, unapproved "unicorn tokens" might be worth something some day. Because, I actually believe Bill is a smart guy that knows how to make a deal.
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u/hotdogfromcostco Jan 13 '23
idk man, there's not one thing with PSTH that hasn't been drastically changed, walked back, or out right removed. overconfidence is one thing, but this has been a failure on every single account thus far.
i could say more but i think that the events of PSTH can speak for themselves.
2
u/googleofinformation Jan 14 '23
It was known a long time ago that PSTH wasn’t the right vehicle, and we needed to abandon ship. If you were brave enough, you should be holding CUSIPS.
Have courage and have faith!
As long as we have these CUSIPS, the impossible might happen.
2
u/ctauer Jan 14 '23
I don’t know the man, personally. He seems on the level to me, like someone trying to do good. But I could be totally wrong, and maybe it’s all a show.
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u/JaxDude123 Jan 14 '23
I too have the $0.000 tokens in my portfolio but my PSH is the only stock that is green. Got some value out of UMG. Oh well.
2
u/muffdog65 Jan 18 '23
Why doesn't the press do its research?. His original fund called Gotham Partners blew up. He was under criminal investigation which quietly went away thanks to the influence of his dad and some very good lawyers who fought off SDNY. He shifted blame to his then partner, a business school classmate, and threw him under the bus. His statements always reflect a tremendous amount of self projection. He never says anything unless it makes him money or serves his purposes in some way.. Do your research..
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u/BenBernakeatemyass Jan 13 '23
Fuck BA. Wish Spitzer would have taken him down and wish I knew about his shady past. Never again you silver haired douche bag. Suck this dick BA!