One year ago
»» One of Bill Ackman’s savviest
investments was his short on the Municipal Bond Insurance
Ackman fought against
the Triple-A-rated company for years.
Shorting MBIA was costly and led to years of losses as the
company’s stock kept rising. Ackman also faced
intense scrutiny from investors and regulators, as detailed
by Christine Richards. Yet Ackman had the last laugh. His
shorts on MBIA yielded profits of $1 billion after the crash in
Ackman is on a new conquest: How to achieve...