Gtarras

Pershing Square Sells Out of Barnes & Noble - Why?

"Simply put, Ackman is a smart man. "

Not really. He is more of a showman..

if you followed his attack on MBIA/Ambac while at Githam back in 2001, you would not think he was smart... It did not work for him back them, did it?These two shot themselves in the foot with subprime CDOs, which they jumped into in 2005...

Now look at AIG.. Ackman was all about show again. Touting AIG at every corner, after taking a huge position in it, naturally... Meanwhile, AIG's troubles from its financial services unit (read another MBIA/Ambac), were even more severe than monolines'..

Like I said, its all glitz, no real substance..