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Additionally, he's significantly invested in Nike, capitalizing on its stock’s decline from previous highs. This proactive approach indicates Ackman's adeptness at finding value in downtrends, reminiscent of his earlier investments.
Terry Smith: Striving for Recovery
Terry Smith, managing over $25 billion, is navigating a rocky patch as a result of a series of investment missteps. In his most recent moves, he reduced his stake in McCormick, indicating a need to cut losses from what he perceives to be a struggling company amid increasing competition in the spice sector.
Smith aims to stabilize his fund and is evidently focusing on protecting investor capital. However, his diversified yet cautious approach leaves little room for dramatic outperformance compared to major indices.