Bill Ackman appeared on CNBC today where he discussed Borders, Amazon (AMZN), Apple (AAPL), and JC Penney (JCP) among other topics. Ackman has become one of the most influential investors in the United States through activist investing built on solid value investment principles. I thought his comments on the housing market were particularly relevant. It is my opinion that people are underestimating the psychological impact of improvements in housing prices. There are a tremendous amount of people trying to pick the bottom, so the combination of artificially repressed long term interest rates, and improving home prices should accelerate the recovery in that sector. Below is the link to the video:
http://video.cnbc.com/gallery/?video=3000076571
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