Cartoon of the Day: Hubris

11/09/15 04:07PM EST

Cartoon of the Day: Hubris - Ackman cartoon 11.09.2015

In Greek mythology, Icarus, on wings made of feathers and wax, defies his father's warning and flies too close to the sun. The wax in his wings melts and Icarus falls to his death. In other words, hubris was Icarus' downfall.  

Uber-combative hedge fund investor Bill Ackman has been similarly burned. Not by the sun, but by Valeant Pharmaceuticals (VRX). Since Ackman's Pershing Square Capital disclosed it's stake in VRX shares are down almost 60%. 

Ouch.

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.