Hedge fund manager Bill Ackman is known for making highly profitable trades. For instance, he turned $27 million into $2.5 billion in 10 days at the height of the COVID-19 pandemic.
After closing a $5 billion initial public offering (IPO) in April to take his firm Pershing Square public, billionaire investor Ackman recently said in an All In podcast interview that history is repeating itself in a not-so-good way as investors flock to white-hot stocks just like they did during the 2000 dot-com bubble.
