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Billionaire Bill Ackman Has 100% of His $12.7 Billion Portfolio Invested in Only 11 Stocks. Here's the Best of the Bunch.
If you want to see how the world's wealthiest investors made their fortunes, look at the stocks they've bought over the years. But if you want to see how the world's wealthiest investors could grow even richer, look at the stocks they own now.Take Bill Ackman, for example. The hedge fund manager's net worth is around $9 billion. He has 100% of his Pershing Square Capital Management's $12.7 billion portfolio invested in only 11 stocks. As you might imagine, Ackman doesn't have the most diversified portfolio around. That's impossible when you own only 11 stocks, two of which are different classes of shares offered by the same company. But the lack of diversification goes even further.Continue reading
If you want to see how the world's wealthiest investors made their fortunes, look at the stocks they've bought over the years. But if you want to see how the world's wealthiest investors could grow even richer, look at the stocks they own now.
Take Bill Ackman, for example. The hedge fund manager's net worth is around $9 billion. He has 100% of his Pershing Square Capital Management's $12.7 billion portfolio invested in only 11 stocks.
As you might imagine, Ackman doesn't have the most diversified portfolio around. That's impossible when you own only 11 stocks, two of which are different classes of shares offered by the same company. But the lack of diversification goes even further.
