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Wealthy Ackman Advises Against Abandoning Biden as Trump Gains Traction



Billionaire hedge fund manager Bill Ackman is warning that the “biggest mistake” Democrats have made is fueling President Joe Biden’s “false confidence” in winning another term in the Oval Office.

In a post on X, the founder and CEO of Pershing Square Capital Management, stated that this support has hindered the emergence of “better and younger candidates.”

According to Ackman, the Democrats’ support for Biden for a second term has given him a false sense of victory, preventing other potentially stronger candidates from stepping forward.

He also pointed out that polls are indicating former President Donald Trump is poised for a significant victory in the upcoming election.

“Handing the election to Trump will be Biden’s legacy,” Ackman declared.

The activist investor, known for his successful strategies in acquiring shares in companies, has recently invested in Chipotle, Hilton, Restaurant Brands International, and Alphabet Class C shares.

Fran Beyer

Fran Beyer is a writer with Newsmax and covers national politics.


© 2024 Newsmax. All rights reserved.



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