Michael Covel breaks apart Bill Ackman and Valeant Pharmaceuticals. He reads from a MarketWatch article that highlights documents that came from a Senate committee investigating the Valeant scandal, and the various reactions of top people involved. Michael also outlines and comments on various interchanges between Bill Ackman, Warren Buffett, Charlie Munger, and news outlets.
This episode is a “behind the curtain look” at billionaire traders and the seduction of fundamentals.
Just a little attitude in this episode…
In this episode of Trend Following Radio:
- Valeant vs. Enron
- The Deep State
- Fixing the media
- Trading off price
“You have to fight back with intelligence. You have to fight back with smarts. You have to fight back with a good strategy. You can’t just sit there and accept what the system gives you because the system is going to give you exactly what it wants to give you.” – Michael Covel