Bill Ackman thinks that the stocks are pretty cheap right now. Who is Bill Ackman and why should you care? Bill Ackman is the founder of $19 Billion hedge fund Pershing Square. Pershing Square Holdings, the publicly traded vehicle led by Ackman, faltered in August because of “significant volatility in the investment markets … largely driven by the decline of the Chinese stock markets, and the fear that slowing growth in China will have repercussions for businesses around the world,” he wrote in an investor update.
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