{"id":11080,"date":"2026-05-01T15:47:02","date_gmt":"2026-05-01T08:47:02","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/01\/thuong-vu-ipo-quy-pershing-square-usa-va-bai-toan-dinh-vi-tren-thi-truong-tai-chinh-quoc-te\/"},"modified":"2026-05-01T15:47:02","modified_gmt":"2026-05-01T08:47:02","slug":"thuong-vu-ipo-quy-pershing-square-usa-va-bai-toan-dinh-vi-tren-thi-truong-tai-chinh-quoc-te","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/01\/thuong-vu-ipo-quy-pershing-square-usa-va-bai-toan-dinh-vi-tren-thi-truong-tai-chinh-quoc-te\/","title":{"rendered":"Th\u01b0\u01a1ng v\u1ee5 IPO qu\u1ef9 Pershing Square USA v\u00e0 b\u00e0i to\u00e1n \u0111\u1ecbnh v\u1ecb tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh qu\u1ed1c t\u1ebf"},"content":{"rendered":"
\n

S\u1ef1 ki\u1ec7n ch\u00e0o s\u00e0n c\u1ee7a qu\u1ef9 Pershing Square USA do nh\u00e0 \u0111\u1ea7u t\u01b0 huy\u1ec1n tho\u1ea1i Bill Ackman d\u1eabn d\u1eaft kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t c\u00e1i t\u00ean m\u1edbi trong danh m\u1ee5c \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u, m\u00e0 c\u00f2n l\u00e0 m\u1ed9t d\u1ea5u m\u1ed1c quan tr\u1ecdng ph\u1ea3n \u00e1nh nh\u1eefng thay \u0111\u1ed5i trong d\u00f2ng ch\u1ea3y v\u1ed1n v\u00e0 t\u00e2m l\u00fd c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf hi\u1ec7n nay. Khi c\u00e1nh c\u1eeda ni\u00eam y\u1ebft t\u1ea1i S\u1edf giao d\u1ecbch Ch\u1ee9ng kho\u00e1n New York (NYSE) m\u1edf ra, thay v\u00ec nh\u1eefng m\u00e0n t\u0103ng gi\u00e1 b\u00f9ng n\u1ed5, th\u1ecb tr\u01b0\u1eddng l\u1ea1i \u0111\u00f3n nh\u1eadn m\u1ed9t phi\u00ean giao d\u1ecbch tr\u1ea7m l\u1eafng v\u1edbi m\u1ee9c gi\u1ea3m 18% so v\u1edbi gi\u00e1 IPO. \u0110\u00e2y kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 m\u1ed9t bi\u1ebfn \u0111\u1ed9ng k\u1ef9 thu\u1eadt trong ng\u00e0y \u0111\u1ea7u ni\u00eam y\u1ebft, m\u00e0 c\u00f2n l\u00e0 l\u1eddi nh\u1eafc nh\u1edf v\u1ec1 s\u1ef1 kh\u1eaft khe c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u tr\u01b0\u1edbc nh\u1eefng c\u1ea5u tr\u00fac qu\u1ef9 v\u1ed1n mang tham v\u1ecdng l\u1edbn.<\/p>\n

\n \"Th\u01b0\u01a1ng
\u1ea2nh t\u1eeb ngu\u1ed3n: cnbc.com<\/em><\/figcaption><\/figure>\n

Tr\u00ean b\u00ecnh di\u1ec7n qu\u1ed1c t\u1ebf, n\u01a1i c\u00e1c nh\u00e0 \u0111i\u1ec1u h\u00e0nh qu\u1ef9 th\u01b0\u1eddng ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng bi\u1ebfn s\u1ed1 \u0111\u1ecba ch\u00ednh tr\u1ecb kh\u00f3 l\u01b0\u1eddng, nh\u01b0 c\u00e1ch c\u00e1c qu\u1ed1c gia \u0111ang t\u00e1i \u0111\u1ecbnh h\u00ecnh tr\u1eadt t\u1ef1 kinh t\u1ebf to\u00e0n c\u1ea7u, s\u1ef1 hi\u1ec7n di\u1ec7n c\u1ee7a Bill Ackman v\u1edbi m\u00f4 h\u00ecnh \u201cBerkshire Hathaway thu nh\u1ecf\u201d \u0111\u01b0\u1ee3c k\u1ef3 v\u1ecdng s\u1ebd t\u1ea1o ra m\u1ed9t c\u00fa h\u00edch. Th\u1ebf nh\u01b0ng, th\u1ef1c t\u1ebf \u0111\u00e3 cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 d\u00f9 t\u00ean tu\u1ed5i c\u1ee7a Ackman c\u00f3 s\u1ee9c n\u1eb7ng \u0111\u1ebfn \u0111\u00e2u, d\u00f2ng v\u1ed1n v\u1eabn gi\u1eef th\u00e1i \u0111\u1ed9 th\u1eadn tr\u1ecdng tr\u01b0\u1edbc nh\u1eefng c\u1ea5u tr\u00fac \u0111\u1ea7u t\u01b0 m\u1edbi. Gi\u1edbi quan s\u00e1t nh\u1eadn \u0111\u1ecbnh r\u1eb1ng, \u0111\u00e2y l\u00e0 minh ch\u1ee9ng cho th\u1ea5y ngay c\u1ea3 nh\u1eefng t\u00ean tu\u1ed5i l\u1edbn nh\u1ea5t c\u0169ng kh\u00f4ng th\u1ec3 tho\u00e1t kh\u1ecfi \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh c\u1ee7a chu k\u1ef3 th\u1ecb tr\u01b0\u1eddng khi ni\u1ec1m tin c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u00e0 t\u1ed5 ch\u1ee9c \u0111ang b\u1ecb chi ph\u1ed1i b\u1edfi nh\u1eefng b\u1ea5t \u1ed5n v\u0129 m\u00f4.<\/p>\n

T\u1eeb tham v\u1ecdng Berkshire Hathaway \u0111\u1ebfn th\u1ef1c t\u1ebf \u0111\u1ea7y th\u00e1ch th\u1ee9c<\/h2>\n

Tham v\u1ecdng c\u1ee7a Bill Ackman kh\u00f4ng h\u1ec1 nh\u1ecf b\u00e9; \u00f4ng mu\u1ed1n x\u00e2y d\u1ef1ng m\u1ed9t n\u1ec1n t\u1ea3ng \u0111\u1ea7u t\u01b0 v\u0129nh c\u1eedu, n\u01a1i c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n c\u00f3 c\u01a1 h\u1ed9i ti\u1ebfp c\u1eadn v\u1edbi nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c m\u00e0 tr\u01b0\u1edbc \u0111\u00e2y v\u1ed1n ch\u1ec9 d\u00e0nh cho gi\u1edbi tinh hoa. Vi\u1ec7c lo\u1ea1i b\u1ecf ph\u00ed hi\u1ec7u su\u1ea5t trong c\u01a1 c\u1ea5u qu\u1ef9 cho th\u1ea5y n\u1ed7 l\u1ef1c thay \u0111\u1ed5i cu\u1ed9c ch\u01a1i, nh\u01b0ng ch\u00ednh vi\u1ec7c thu h\u1eb9p quy m\u00f4 huy \u0111\u1ed9ng t\u1eeb m\u1ee5c ti\u00eau 25 t\u1ef7 USD xu\u1ed1ng c\u00f2n 5 t\u1ef7 USD \u0111\u00e3 cho th\u1ea5y m\u1ed9t b\u1ee9c tranh kh\u00e1c v\u1ec1 s\u1ef1 ho\u00e0i nghi c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Nh\u00ecn v\u00e0o b\u00e0n c\u1edd qu\u1ed1c t\u1ebf hi\u1ec7n nay, khi m\u00e0 c\u00e1c qu\u1ef9 \u0111\u1ea7u t\u01b0 \u0111ang ph\u1ea3i \u0111\u1ed1i di\u1ec7n v\u1edbi \u00e1p l\u1ef1c t\u1eeb l\u00e3i su\u1ea5t v\u00e0 s\u1ef1 thay \u0111\u1ed5i trong chi\u1ebfn l\u01b0\u1ee3c ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n, vi\u1ec7c Pershing Square USA ph\u1ea3i gi\u1ea3m quy m\u00f4 IPO l\u00e0 m\u1ed9t b\u01b0\u1edbc \u0111i t\u1ea5t y\u1ebfu \u0111\u1ec3 t\u1ed3n t\u1ea1i.<\/p>\n

\u0110\u00e1ng ch\u00fa \u00fd, m\u00f4 h\u00ecnh n\u00e0y kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 m\u1ed9t qu\u1ef9 \u0111\u1ea7u t\u01b0 m\u00e0 c\u00f2n l\u00e0 m\u1ed9t n\u1ed7 l\u1ef1c t\u1ea1o d\u1ef1ng v\u0103n h\u00f3a \u0111\u1ea7u t\u01b0. Vi\u1ec7c Ackman nh\u1ea5n m\u1ea1nh v\u00e0o c\u00e1c cu\u1ed9c h\u1ecdp th\u01b0\u1eddng ni\u00ean theo phong c\u00e1ch Warren Buffett cho th\u1ea5y \u00f4ng \u0111ang c\u1ed1 g\u1eafng x\u00e2y d\u1ef1ng m\u1ed9t “c\u1ed9ng \u0111\u1ed3ng” thay v\u00ec ch\u1ec9 l\u00e0 c\u00e1c c\u1ed5 \u0111\u00f4ng t\u1ea1m th\u1eddi. Tuy nhi\u00ean, trong b\u1ed1i c\u1ea3nh th\u1ebf gi\u1edbi \u0111ang tr\u1ea3i qua nh\u1eefng \u0111\u1ee9t g\u00e3y l\u1edbn v\u1ec1 chu\u1ed7i cung \u1ee9ng v\u00e0 s\u1ef1 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a gi\u00e1 n\u0103ng l\u01b0\u1ee3ng, nh\u01b0 \u0111\u00e3 t\u1eebng \u0111\u01b0\u1ee3c ph\u00e2n t\u00edch s\u00e2u s\u1eafc trong b\u00e0i vi\u1ebft v\u1ec1 Chi\u1ebfn thu\u1eadt qu\u00e2n s\u1ef1 t\u1ea1i Li-b\u0103ng: Nh\u1eefng l\u1eb7p l\u1ea1i \u0111\u00e1ng ng\u1ea1i t\u1eeb d\u1ea3i Gaza<\/a>, b\u1ea5t k\u1ef3 m\u1ed9t m\u00f4 h\u00ecnh t\u00e0i ch\u00ednh n\u00e0o c\u0169ng c\u1ea7n ch\u1ee9ng minh \u0111\u01b0\u1ee3c kh\u1ea3 n\u0103ng th\u00edch \u1ee9ng linh ho\u1ea1t tr\u01b0\u1edbc nh\u1eefng “c\u00fa s\u1ed1c” \u0111\u1ecba ch\u00ednh tr\u1ecb thay v\u00ec ch\u1ec9 d\u1ef1a v\u00e0o h\u00e0o quang qu\u00e1 kh\u1ee9.<\/p>\n

S\u1ef1 l\u1ea1c quan th\u1eadn tr\u1ecdng tr\u01b0\u1edbc nh\u1eefng bi\u1ebfn \u0111\u1ed9ng v\u0129 m\u00f4<\/h2>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t v\u1ea5n \u0111\u1ec1, kh\u1ea3 n\u0103ng c\u1ee7a Pershing Square trong vi\u1ec7c th\u1ef1c hi\u1ec7n c\u00e1c th\u01b0\u01a1ng v\u1ee5 macro hedging, nh\u01b0 c\u00e1ch h\u1ecd \u0111\u00e3 l\u00e0m v\u00e0o n\u0103m 2020 \u0111\u1ec3 thu v\u1ec1 l\u1ee3i nhu\u1eadn kh\u1ed5ng l\u1ed3 gi\u1eefa \u0111\u1ea1i d\u1ecbch, ch\u00ednh l\u00e0 qu\u00e2n b\u00e0i ch\u1ee7 l\u1ef1c m\u00e0 Ackman k\u1ef3 v\u1ecdng s\u1ebd thuy\u1ebft ph\u1ee5c \u0111\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng. Nh\u01b0ng li\u1ec7u l\u1ecbch s\u1eed c\u00f3 l\u1eb7p l\u1ea1i? Trong k\u1ef7 nguy\u00ean m\u00e0 c\u00e1c d\u00f2ng v\u1ed1n \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf \u0111ang ch\u1ecbu s\u1ef1 chi ph\u1ed1i m\u1ea1nh m\u1ebd b\u1edfi c\u00e1c ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng, nh\u1eefng chi\u1ebfn l\u01b0\u1ee3c ph\u00f2ng v\u1ec7 r\u1ee7i ro truy\u1ec1n th\u1ed1ng \u0111\u00f4i khi tr\u1edf n\u00ean k\u00e9m hi\u1ec7u qu\u1ea3. \u0110\u00f3 c\u0169ng l\u00e0 l\u00fd do t\u1ea1i sao th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n to\u00e0n c\u1ea7u hi\u1ec7n nay \u0111ang ch\u1ee9ng ki\u1ebfn nh\u1eefng pha xoay tr\u1ee5c d\u00f2ng ti\u1ec1n \u0111\u1ea7y kh\u00f3 \u0111o\u00e1n, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 c\u00e1ch c\u00e1c qu\u1ed1c gia \u0111ang ph\u1ea3i ch\u1eadt v\u1eadt chuy\u1ec3n m\u00ecnh gi\u1eefa k\u1ef7 nguy\u00ean tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o v\u00e0 c\u00e1c th\u00e1ch th\u1ee9c v\u1ec1 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf, \u0111i\u1ec1u \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111\u1ec1 c\u1eadp trong b\u00e0i vi\u1ebft v\u1ec1 Cu\u1ed9c \u0111ua xe \u0111i\u1ec7n Trung Qu\u1ed1c v\u00e0 b\u01b0\u1edbc chuy\u1ec3n m\u00ecnh sang k\u1ef7 nguy\u00ean tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o<\/a>.<\/p>\n

Khi \u0111\u1eb7t Pershing Square USA l\u00ean b\u00e0n c\u00e2n, nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t th\u1ef1c t\u1ebf r\u1eb1ng \u0111\u00e2y l\u00e0 m\u1ed9t c\u1ea5u tr\u00fac v\u1ed1n v\u0129nh c\u1eedu. \u0110i\u1ec1u n\u00e0y c\u00f3 \u01b0u \u0111i\u1ec3m l\u00e0 tr\u00e1nh \u0111\u01b0\u1ee3c t\u00ecnh tr\u1ea1ng b\u00e1n th\u00e1o c\u01b0\u1ee1ng b\u1ee9c khi th\u1ecb tr\u01b0\u1eddng rung l\u1eafc, nh\u01b0ng c\u0169ng \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c v\u1ed1n c\u1ee7a b\u1ea1n s\u1ebd b\u1ecb “kh\u00f3a” trong m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c m\u00e0 k\u1ebft qu\u1ea3 ph\u1ee5 thu\u1ed9c ho\u00e0n to\u00e0n v\u00e0o t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n c\u1ee7a ng\u01b0\u1eddi thuy\u1ec1n tr\u01b0\u1edfng. N\u1ebfu Warren Buffett \u0111\u00e3 m\u1ea5t nhi\u1ec1u th\u1eadp k\u1ef7 \u0111\u1ec3 x\u00e2y d\u1ef1ng l\u00f2ng tin, th\u00ec Ackman \u0111ang \u1edf giai \u0111o\u1ea1n kh\u1edfi \u0111\u1ea7u c\u1ee7a m\u1ed9t h\u00e0nh tr\u00ecnh \u0111\u1ea7y cam go, n\u01a1i \u00f4ng ph\u1ea3i ch\u1ee9ng minh r\u1eb1ng s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa c\u00e1c c\u1ed5 phi\u1ebfu blue-chip v\u00e0 c\u00e1c \u0111\u00f2n b\u1ea9y v\u0129 m\u00f4 c\u00f3 th\u1ec3 \u0111em l\u1ea1i t\u1ef7 su\u1ea5t sinh l\u1eddi v\u01b0\u1ee3t tr\u1ed9i trong m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t cao hi\u1ec7n nay.<\/p>\n

T\u1ea7m nh\u00ecn t\u1eeb Ph\u1ed1 Wall \u0111\u1ebfn quy\u1ebft \u0111\u1ecbnh c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0<\/h2>\n

Vi\u1ec7c c\u1ed5 phi\u1ebfu PSUS k\u1ebft th\u00fac phi\u00ean ch\u00e0o s\u00e0n v\u1edbi m\u1ee9c gi\u1ea3m 18% kh\u00f4ng n\u00ean \u0111\u01b0\u1ee3c nh\u00ecn nh\u1eadn l\u00e0 m\u1ed9t th\u1ea5t b\u1ea1i ho\u00e0n to\u00e0n. Ng\u01b0\u1ee3c l\u1ea1i, \u0111\u00e2y l\u00e0 m\u1ed9t b\u00e0i ki\u1ec3m tra th\u1ef1c l\u1ef1c. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p t\u1ea1i Ph\u1ed1 Wall th\u01b0\u1eddng nh\u00ecn v\u00e0o nh\u1eefng nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ea7u ti\u00ean nh\u01b0 m\u1ed9t c\u01a1 h\u1ed9i \u0111\u1ec3 \u0111\u1ecbnh gi\u00e1 l\u1ea1i t\u00e0i s\u1ea3n d\u1ef1a tr\u00ean gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i h\u01a1n l\u00e0 s\u1ef1 h\u01b0ng ph\u1ea5n c\u1ee7a truy\u1ec1n th\u00f4ng. Trong m\u1ed9t th\u1ebf gi\u1edbi \u0111\u1ea7y r\u1eaby s\u1ef1 b\u1ea5t \u1ed5n, s\u1ef1 hi\u1ec7n di\u1ec7n c\u1ee7a nh\u1eefng qu\u1ef9 c\u00f3 c\u1ea5u tr\u00fac minh b\u1ea1ch v\u00e0 t\u01b0 duy chi\u1ebfn l\u01b0\u1ee3c r\u00f5 r\u00e0ng v\u1eabn l\u00e0 m\u1ed9t \u0111i\u1ec3m s\u00e1ng.<\/p>\n

\u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ea1i Vi\u1ec7t Nam, s\u1ef1 ki\u1ec7n n\u00e0y mang l\u1ea1i nh\u1eefng b\u00e0i h\u1ecdc qu\u00fd gi\u00e1 v\u1ec1 qu\u1ea3n tr\u1ecb danh m\u1ee5c v\u00e0 t\u01b0 duy d\u00e0i h\u1ea1n. Khi tham gia v\u00e0o c\u00e1c th\u1ecb tr\u01b0\u1eddng qu\u1ed1c t\u1ebf ho\u1eb7c c\u00e1c s\u1ea3n ph\u1ea9m \u0111\u1ea7u t\u01b0 m\u1edbi, vi\u1ec7c nh\u00ecn nh\u1eadn th\u1ea5u \u0111\u00e1o v\u1ec1 c\u1ea5u tr\u00fac qu\u1ea3n l\u00fd qu\u1ef9, chi ph\u00ed v\u00e0 kh\u1ea3 n\u0103ng ph\u00f2ng v\u1ec7 r\u1ee7i ro l\u00e0 y\u1ebfu t\u1ed1 s\u1ed1ng c\u00f2n. Ch\u00fang ta \u0111ang s\u1ed1ng trong m\u1ed9t giai \u0111o\u1ea1n m\u00e0 m\u1ecdi bi\u1ebfn \u0111\u1ed9ng t\u1ea1i M\u1ef9 hay c\u00e1c trung t\u00e2m t\u00e0i ch\u00ednh l\u1edbn \u0111\u1ec1u c\u00f3 t\u00e1c \u0111\u1ed9ng lan t\u1ecfa, l\u00e0m thay \u0111\u1ed5i t\u01b0 duy \u0111\u1ea7u t\u01b0 c\u1ee7a h\u00e0ng tri\u1ec7u ng\u01b0\u1eddi. Vi\u1ec7c theo d\u00f5i s\u00e1t sao nh\u1eefng b\u01b0\u1edbc \u0111i c\u1ee7a c\u00e1c t\u00ean tu\u1ed5i l\u1edbn nh\u01b0 Bill Ackman kh\u00f4ng ch\u1ec9 gi\u00fap m\u1edf r\u1ed9ng t\u1ea7m nh\u00ecn, m\u00e0 c\u00f2n gi\u00fap ch\u00fang ta t\u1ec9nh t\u00e1o h\u01a1n tr\u01b0\u1edbc nh\u1eefng bi\u1ebfn \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng trong n\u01b0\u1edbc.<\/p>\n

Trong t\u01b0\u01a1ng lai g\u1ea7n, s\u1ef1 th\u00e0nh b\u1ea1i c\u1ee7a Pershing Square USA s\u1ebd ph\u1ee5 thu\u1ed9c r\u1ea5t l\u1edbn v\u00e0o kh\u1ea3 n\u0103ng c\u1ee7a \u0111\u1ed9i ng\u0169 \u0111i\u1ec1u h\u00e0nh trong vi\u1ec7c duy tr\u00ec hi\u1ec7u su\u1ea5t danh m\u1ee5c tr\u01b0\u1edbc nh\u1eefng c\u01a1n gi\u00f3 ng\u01b0\u1ee3c c\u1ee7a kinh t\u1ebf to\u00e0n c\u1ea7u. Th\u1ecb tr\u01b0\u1eddng s\u1ebd kh\u00f4ng dung th\u1ee9 cho nh\u1eefng sai l\u1ea7m chi\u1ebfn l\u01b0\u1ee3c, nh\u01b0ng c\u0169ng lu\u00f4n s\u1eb5n s\u00e0ng \u0111\u00f3n nh\u1eadn nh\u1eefng gi\u00e1 tr\u1ecb th\u1eadt s\u1ef1 b\u1ec1n v\u1eefng. V\u1edbi nh\u1eefng ai \u0111ang t\u00ecm ki\u1ebfm m\u1ed9t k\u00eanh \u0111\u1ea7u t\u01b0 c\u00f3 t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n, c\u00e2u chuy\u1ec7n c\u1ee7a Ackman l\u00e0 m\u1ed9t minh ch\u1ee9ng r\u1eb1ng th\u00e0nh c\u00f4ng kh\u00f4ng bao gi\u1edd l\u00e0 con \u0111\u01b0\u1eddng tr\u1ea3i \u0111\u1ea7y hoa h\u1ed3ng, m\u00e0 l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a s\u1ef1 ki\u00ean \u0111\u1ecbnh v\u00e0 n\u0103ng l\u1ef1c th\u00edch nghi trong m\u1ed9t th\u1ebf gi\u1edbi kh\u00f4ng ng\u1eebng bi\u1ebfn chuy\u1ec3n. Ch\u00fang ta s\u1ebd ti\u1ebfp t\u1ee5c theo d\u00f5i nh\u1eefng b\u01b0\u1edbc \u0111i ti\u1ebfp theo c\u1ee7a qu\u1ef9 n\u00e0y, b\u1edfi \u0111\u00f3 kh\u00f4ng ch\u1ec9 l\u00e0 chuy\u1ec7n c\u1ee7a m\u1ed9t m\u00e3 c\u1ed5 phi\u1ebfu, m\u00e0 l\u00e0 nh\u1ecbp \u0111\u1eadp c\u1ee7a ni\u1ec1m tin t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u trong th\u1eddi \u0111\u1ea1i m\u1edbi.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: cnbc.com<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

S\u1ef1 ki\u1ec7n ch\u00e0o s\u00e0n c\u1ee7a qu\u1ef9 Pershing Square USA do nh\u00e0 \u0111\u1ea7u t\u01b0 huy\u1ec1n tho\u1ea1i Bill Ackman d\u1eabn d\u1eaft kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t c\u00e1i t\u00ean m\u1edbi trong danh m\u1ee5c \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u, m\u00e0 c\u00f2n l\u00e0 m\u1ed9t d\u1ea5u m\u1ed1c quan tr\u1ecdng ph\u1ea3n \u00e1nh nh\u1eefng thay \u0111\u1ed5i trong d\u00f2ng ch\u1ea3y v\u1ed1n v\u00e0 t\u00e2m l\u00fd c\u1ee7a nh\u00e0 […]<\/p>\n","protected":false},"author":1,"featured_media":11079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-11080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc-the-gioi"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=11080"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/11079"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=11080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=11080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=11080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}