Hello 🙂
Have you heard of Bill Ackman?
He’s a billionaire activist investor…
And up until last spring…
Bill was mostly known to the masses due to his famous “short” of Herbalife.
Long story short, he thought/thinks that this MLM company is a scam…❌
So he took a massive short on the company for years…
Even as it bled cash from him.
And so, for at least the time being, Bill has been proven wrong on Herbalife (at least from a market-based standpoint)…🤷
So, for the last few years, Bill has received a lot of ridicule.
But then in February of 2020, Bill made a new bet…
Where he basically spent $27 million in a bet that credit-default swaps would balloon after COVID-19 became a thing in the U.S…
And he netted over $2 billion a few months later when that bet paid off.
So now, when people talk about Bill Ackman…
They talk about how he made one of the smartest trades in Wall Street history.
And the reason I share this with you…
Is because it’s a strong reminder of the fact that no single moment defines you.
We all have failures…
We all have moments where we “look” stupid…
We all have times when we mess up.
Yeah, it sucks at the time…
But if you keep pushing and persevering…
Generally, the wins will come too…
And those turbulent times will start to be forgotten…
Both by you personally, and those who pay attention to the things you do.
It’s a good lesson for all of us 🙂
– SPG
P.S. This post originally came from an email I sent to my private list. If you want to see more stuff like this from me, you can apply to join my list using this link.
