The Zhitong Finance App learned that billionaire investor Bill Ackman, founder of Pershing Square Capital Management, warned that with the increasing popularity of highly leveraged transactions and speculative activities, the US stock market is experiencing more and more unreasonable price fluctuations, and there is even a risk of becoming a “casino” again. However, he also pointed out that this market imbalance has created opportunities for long-term investors to buy high-quality companies at low prices.

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