Billionaire Bill Ackman Is Buying a Brilliant Robotaxi Stock Up 145% in 2 Years (Hint: Not Tesla)
Billionaire Bill Ackman is the CEO of Pershing Square Capital Management, a hedge fund that returned 210% in the past five years. Comparatively, the S&P 500 (SNPINDEX: ^GSPC) advanced 101% during the same period. Those market-beating results make Ackman a good source of inspiration for individual investors.Since January, Ackman has bought more than 30 million shares in a robotaxi stock that has soared 145% in the past two years. I'm not referring to Tesla, though the company also plans to launch an autonomous ride-sharing service in Austin this year. Instead, the stock Pershing Square has been buying is Uber Technologies (NYSE: UBER).Here's what investors should know.Continue reading
Billionaire Bill Ackman is the CEO of Pershing Square Capital Management, a hedge fund that returned 210% in the past five years. Comparatively, the S&P 500 (SNPINDEX: ^GSPC) advanced 101% during the same period. Those market-beating results make Ackman a good source of inspiration for individual investors.
Since January, Ackman has bought more than 30 million shares in a robotaxi stock that has soared 145% in the past two years. I'm not referring to Tesla, though the company also plans to launch an autonomous ride-sharing service in Austin this year. Instead, the stock Pershing Square has been buying is Uber Technologies (NYSE: UBER).
Here's what investors should know.
