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Bill Ackman and Michael Burry are urging investors to look past broader market fears and point to a massive, asymmetric opportunity in Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC).
‘Stupidly Cheap’ Bet
Pershing Square’s Ackman advised investors to “ignore the bears” and mainstream media amid ongoing global conflicts. Predicting a “large peace dividend” following what he termed a “one-sided war,” Ackman highlighted government-sponsored enterprises Fannie Mae and Freddie Mac as prime investment targets.
“Fannie and Freddie are …
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