Magic Formula Investing

Bill Ackman Betting Against BP’s Debt

Through credit default swaps (CDS), Bill Ackman is betting against BP’s debt. Not to be confused with him shorting BP’s stock as I have seen several bloggers doing since the trade was announced. Ackman wrote to Bloomberg: The accident has (BP oil spill) “likely permanently impaired the ability of BP to operate effectively in the [...]

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Bill Ackman’s Pershing Square 2Q Portfolio Moves

Not much movement in Bill Ackman‘s portfolio according to guru website gurufocus.com. According to their website, Bill Ackman purchased Automatic Data Processing (ADP) and Citigroup (C). Below are the rest of the purchases along with the other positions he reduced to or added to. New Purchases: ADP, C, Added Positions: KFT, Reduced Positions: YUM Automatic [...]

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Bill Ackman’s Reading List

Bloomberg News reporter Christine Richard recently released a book titled Confidence Game. Judging from the Amazon reviews the book is quickly becoming a must read in the finance field. Apparently, the book covers the recent collapse in the Credit Markets and Bill Ackman’s campaign to warn everyone about the possible catastrophe that may occur in [...]

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