Bill Ackman is quickly going from the the most-overrated fund manager in the world to the biggest crybaby.
Ackman is a guy who gets on the biggest soapbox he can find when he takes aim at a stock. He’s getting absolutely mangled on Herbalife shares (HLF up 44% in July) and now he’s bellyaching to regulators because George Soros took a long, and public position in the stock on Monday.
I hope Soros breaks him like he broke the Bank of England.
Edit: This just gets better. One of Ackman’s largest (and most publicized) longs is in J.C. Penny and shares of the company are down 10% on a NY Post story saying CIT Group has stopped supporting/financing deliveries.
