Bill Ackman: This Is a “Great” Time to Invest - Even at Market Highs

• Pershing Square USA (PSUS) is launching as a low-cost, U.S.-listed closed-end fund, replicating Pershing Square's core portfolio for retail investors.
• Ackman believes it's a 'great moment to put capital to work,' with the market fairly valued, recession risk 'overblown,' and the economy poised for a strong second half, driven by policy and AI.
• He advocates for long-term, concentrated investing, citing Pershing Square's 19% compound annual return over 22 years (25% over 8 years) and its use of hedging strategies during market crises.

Bill Ackman discusses the launch of Pershing Square USA (PSUS), a new U.S.-listed closed-end fund for retail investors, emphasizing it's a 'great moment to put capital to work' despite market highs. He expresses a bullish outlook on the economy and markets, citing strong economic fundamentals, overblown recession fears, and the transformative power of AI. Ackman highlights Pershing Square's long-term outperformance and its active, concentrated investment strategy.