Billionaire Bill Ackman has closed his coronavirus hedges and is buying shares in Starbucks, Hilton and Lowe's. 'We are making a huge recovery bet,' said Ackman
“There is a tsunami coming,” Ackman warned, “capitalism does not work in an 18-month shutdown, capitalism can work in a 30-day shutdown.”
In the intervening time, Ackman took stock of the plunging markets and the cratering economy—and the response from elected officials—and came away bullish. "We are making a huge recovery bet," Ackman told Quinn."We are all long...and we’re betting on the country."
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