Bill Ackman is an expert at extortion. As an “activist” investor, he buys a spot on company boards, complains and whines ad nauseum until he gets his away and often cashes out before anyone has discovered that he has gutted the company he controls. Only a man this bereft of the slightest shred creativity required for creating a company that manufactures a product–a company that creates wealth–could ever graduate from Harvard for the purpose of extorting money from business, extorting his own alma mater for allowing free speech on campus and, eventually, helping elect an extortionist who extorted Ackman himself with Tariffs.
There is no moral to this story. There is only the repetition of phenomenon seen repeatedly in history: authoritarianism ultimately digs its own grave by causing unending infighting.
This is no illustration that all Harvard graduates are stupid, as Elon Musk likes to claim. It is ample evidence that a great many Harvard graduates positively are.
As trillions vanish from markets, the smart money gets a hard lesson about the president it was betting on.
Source: Trump Tariffs: Wall Street Billionaires Criticize Policy as Market Declines – Bloomberg