Bill Ackman declares investment in Israeli stock market as best decision ever
- The Tel Aviv stock market rose by 65% since the beginning of the conflict on October 7, 2023.
- Bill Ackman invested $25 million for a 5% equity stake in the Israeli stock market, citing it as a significant investment.
- Ackman emphasizes the importance of capitalism in addressing issues, expressing his optimistic outlook for the Israeli economy.
In October 2023, the Israeli stock market experienced a significant rise of 65%, reflecting both the country's resilience and an improved geopolitical landscape following the war against Hamas. American hedge-fund manager Bill Ackman, recognizing the potential of the Israeli economy amid regional upheaval, invested $25 million in the Tel Aviv Stock Exchange to acquire a 4.9% equity stake. Ackman articulated that owning a stock exchange is akin to holding a royalty over the successes of a nation. His deep-rooted connection to Israel stems from a personal and familial commitment to supporting the Jewish state, influenced by his upbringing and experiences of rising antisemitism, particularly during challenging times such as the attacks that prompted the recent conflict. Ackman characterized the terrorist invasion on October 7, 2023, as one of the worst days of his life, leading him to realize the extent of this persistent issue worldwide, which he previously underestimated. He expressed optimism about Israel's path to prosperity and peace, asserting that despite the heightened tensions, many Americans and global allies support Israel.