Bill Ackman: The Only Ingredient Missing From This Market Is Confidence

Bill Ackman

Bill Ackman is remarkably optimistic about the market going forward.

Attending the Value Investing Congress in New York, he said, “I see a lot of reasons for economic improvement in this country.” according to Reuters.

“We’ve got an improving consumer balance sheet… great corporate balance sheets… The only ingredient that’s missing is confidence.”

He can’t even find any short ideas apparently. It’s that good.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at