Armstrong, the firm’s chief executive officer. Then there’s Michael Novogratz.... Trading volumes

SAY what you like about hedge fund manager Bill Ackman but, after losing around US$ 400mil( RM1. 8bil) from an ill-timed bet on Netflix Inc, he was quick to exit the position in April and own up to his mistake.In the wake of Netflix’s disappointing subscriber growth, Ackman said he was no longer able to confidently predict the streaming company’s prospects and “ 100% ready to admit when I’m wrong.” If only all of the investment community was as willing to disavow dogma when market prices undermi