Last March, as the country began to panic about the arrival of the coronavirus from China, a billionaire called Bill Ackman went on television and attempted to make America even more afraid than it already was.
"Hell is coming ..." Ackman said during an appearance on CNBC. "There's a tsunami coming, right? A tsunami's coming and you feel it in the air, right? The tide starts to roll out, OK? And on the beach, people are playing and having fun like there's nothing going on. And that is the feeling I've had for the last two months ... We need to shut it down now ... America will end as we know it, I'm sorry to say so, unless we take this option."
Ackman was especially frightened for the future of Hilton Hotels. Hilton Hotels, he proclaimed, is "going to zero along with every other hotel company in the world." Not long after that appearance, we learned that Ackman's firm had made more than $2 billion from trading in the stocks, including Hilton Hotels, that many people believed he had pushed down with such historically dire predictions.
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