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But we saved everything 🙂.
Dean Baker questions how investors continue to trust Bill Ackman with their money, raising concerns about Ackman’s competence despite his access to insider information.
Baker suggests that some believe Ackman’s connections in financial circles may compensate for perceived shortcomings in his professional abilities.
Baker has previously questioned valuation practices in high-profile companies, noting that Tesla’s market cap is nearly 60 times its cumulative net earnings. He has also commented on corporate leadership, stating that top executives have driven companies into bankruptcy. His recent remarks on Ackman continue a pattern of skepticism toward figures with significant influence in financial markets.