Renowned hedge fund manager Bill Ackman believes that high-quality stocks are still undervalued despite the recent record highs in the market.
During a recent interview on CNBC, the CEO of Pershing Square Capital Management revealed that his firm has raised $5 billion and has already invested around 35% of that capital.
“Interestingly, despite the current market multiples, I believe that the companies we are interested in are still reasonably priced. While the market is currently trading at around 20-21 times earnings, historical averages have been lower at 16-17 times. However, it’s important to note that today’s market comprises of high-quality, fast-growing businesses, which makes the current valuation attractive.”
Ackman also highlighted the significance of AI in today’s business landscape, stating that “every company is now an AI company.”
“The crucial question is whether AI will disrupt or enhance your business operations?”
Stay updated with us on X, Facebook, and Telegram
Never miss out – Subscribe to receive email alerts directly to your inbox
Explore The Daily Hodl Mix
Image Credit: Midjourney
