ClaimsBill Ackman

“While we believed that the Chinese stock market was in bubble territory, the cost of buying puts on the stock market was prohibitive.”

Bill Ackman, Pershing Square letter January 2016 Bill Ackman's Pershing Square Annual Investor Letter (2015 letter) (GuruFocus)

Factual Economics and markets

Early in 2015 Pershing Square believed the Chinese stock market was in bubble territory but found the cost of buying puts on it prohibitive.

Own records only Only the person's or their organisation's own records speak to it, so it is not scored.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

What the firm believed and found prohibitive internally is its own view; no independent record.

Cite this claim

Bill Ackman, “Early in 2015 Pershing Square believed the Chinese stock market was in bubble territory but found the cost of buying puts on it prohibitive.” (said January 2016). Verdict: own records only. Reliability API, claim c_4ff0b22c22fa, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_4ff0b22c22fa

This claim is in dataset release v1.1.2, with the same verdict.

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