{"id":2721,"date":"2026-04-06T23:56:42","date_gmt":"2026-04-06T16:56:42","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/06\/bill-ackman-phot-lo-gau-thi-truong-chung-dinh-gia-thap-co-hoi-vang-sau-bien-dong\/"},"modified":"2026-04-06T23:56:42","modified_gmt":"2026-04-06T16:56:42","slug":"bill-ackman-phot-lo-gau-thi-truong-chung-dinh-gia-thap-co-hoi-vang-sau-bien-dong","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/04\/06\/bill-ackman-phot-lo-gau-thi-truong-chung-dinh-gia-thap-co-hoi-vang-sau-bien-dong\/","title":{"rendered":"Bill Ackman: “Ph\u1edbt L\u1edd G\u1ea5u”, Th\u1ecb Tr\u01b0\u1eddng Chung \u0110\u1ecbnh Gi\u00e1 Th\u1ea5p “C\u01a1 H\u1ed9i V\u00e0ng” Sau Bi\u1ebfn \u0110\u1ed9ng?"},"content":{"rendered":"
\n

\"tin<\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ef7 ph\u00fa Bill Ackman, ng\u01b0\u1eddi s\u00e1ng l\u1eadp Qu\u1ef9 Pershing Square Capital Management c\u00f3 tr\u1ee5 s\u1edf t\u1ea1i Ph\u1ed1 Wall (New York), v\u1eeba g\u00e2y x\u00f4n xao c\u1ed9ng \u0111\u1ed3ng t\u00e0i ch\u00ednh khi tuy\u00ean b\u1ed1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111ang t\u1ea1o ra m\u1ed9t trong nh\u1eefng \u0111i\u1ec3m v\u00e0o h\u1ea5p d\u1eabn nh\u1ea5t cho c\u00e1c c\u00f4ng ty ch\u1ea5t l\u01b0\u1ee3ng cao trong nhi\u1ec1u n\u0103m qua. \u00d4ng k\u00eau g\u1ecdi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u1ecf qua nh\u1eefng n\u1ed7i s\u1ee3 h\u00e3i v\u0129 m\u00f4 v\u00e0 n\u1eafm b\u1eaft nh\u1eefng c\u01a1 h\u1ed9i \u0111ang b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p m\u1ed9t c\u00e1ch s\u00e2u s\u1eafc.<\/p>\n

Trong m\u1ed9t b\u00e0i \u0111\u0103ng tr\u00ean X v\u00e0o cu\u1ed1i tu\u1ea7n, Ackman nh\u1ea5n m\u1ea1nh: “M\u1ed9t s\u1ed1 doanh nghi\u1ec7p ch\u1ea5t l\u01b0\u1ee3ng cao nh\u1ea5t tr\u00ean th\u1ebf gi\u1edbi \u0111ang giao d\u1ecbch \u1edf m\u1ee9c gi\u00e1 c\u1ef1c k\u1ef3 r\u1ebb. \u0110\u00e2y l\u00e0 m\u1ed9t trong nh\u1eefng th\u1eddi \u0111i\u1ec3m t\u1ed1t nh\u1ea5t trong m\u1ed9t th\u1eddi gian d\u00e0i \u0111\u1ec3 mua c\u1ed5 phi\u1ebfu ch\u1ea5t l\u01b0\u1ee3ng. H\u00e3y ph\u1edbt l\u1edd nh\u1eefng ng\u01b0\u1eddi bi quan.”<\/p>\n

Quan \u0111i\u1ec3m l\u1ea1c quan c\u1ee7a Ackman \u0111\u01b0\u1ee3c \u0111\u01b0a ra trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u \u0111ang b\u1ecb lung lay b\u1edfi h\u00e0ng lo\u1ea1t y\u1ebfu t\u1ed1 ti\u00eau c\u1ef1c: gi\u00e1 n\u0103ng l\u01b0\u1ee3ng t\u0103ng cao, lo ng\u1ea1i l\u1ea1m ph\u00e1t dai d\u1eb3ng v\u00e0 nh\u1eefng k\u1ef3 v\u1ecdng thay \u0111\u1ed5i v\u1ec1 ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang (FED). S\u1ef1 bi\u1ebfn \u0111\u1ed9ng g\u1ea7n \u0111\u00e2y \u0111\u00e3 \u0111\u1ea9y \u0111\u1ecbnh gi\u00e1 xu\u1ed1ng th\u1ea5p tr\u00ean nhi\u1ec1u l\u0129nh v\u1ef1c, ngay c\u1ea3 khi s\u1ef1 b\u1ea5t \u1ed5n kinh t\u1ebf ti\u1ebfp t\u1ee5c ph\u1ee7 b\u00f3ng l\u00ean tri\u1ec3n v\u1ecdng. C\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb, nh\u01b0 nguy c\u01a1 th\u1ecb tr\u01b0\u1eddng chung \u0111\u1ed1i m\u1eb7t nguy c\u01a1 “si\u00eau si\u1ebft ch\u1eb7t” h\u00e0ng h\u00f3a<\/a> do xung \u0111\u1ed9t Iran, c\u00e0ng l\u00e0m t\u0103ng th\u00eam b\u1ea5t \u1ed5n. \u0110\u00e1ng ch\u00fa \u00fd, Pershing Square Holdings, qu\u1ef9 \u0111\u00f3ng ni\u00eam y\u1ebft t\u1ea1i London c\u1ee7a Ackman, \u0111\u00e3 gi\u1ea3m 19%<\/strong> t\u1eeb \u0111\u1ea7u n\u0103m t\u00ednh \u0111\u1ebfn th\u1ee9 Ba tu\u1ea7n tr\u01b0\u1edbc, cho th\u1ea5y ngay c\u1ea3 qu\u1ef9 c\u1ee7a m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 l\u1eebng danh c\u0169ng kh\u00f4ng tr\u00e1nh kh\u1ecfi nh\u1eefng t\u00e1c \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Tuy nhi\u00ean, Ackman v\u1eabn ki\u00ean \u0111\u1ecbnh v\u1edbi l\u1eadp tr\u01b0\u1eddng c\u1ee7a m\u00ecnh, ch\u1ec9 ra m\u1ed9t “thi\u1ebft l\u1eadp c\u1ef1c k\u1ef3 b\u1ea5t \u0111\u1ed1i x\u1ee9ng” \u1edf m\u1ed9t s\u1ed1 c\u00e1i t\u00ean ch\u1ecdn l\u1ecdc. \u00d4ng \u0111\u1eb7c bi\u1ec7t g\u1ecdi c\u00e1c t\u1eadp \u0111o\u00e0n th\u1ebf ch\u1ea5p kh\u1ed5ng l\u1ed3 c\u1ee7a M\u1ef9 l\u00e0 Fannie Mae v\u00e0 Freddie Mac l\u00e0 “r\u1ebb \u0111\u1ebfn ng\u1edb ng\u1ea9n” (stupidly cheap), v\u1edbi ti\u1ec1m n\u0103ng mang l\u1ea1i l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t tr\u1ed9i trong m\u1ed9t kho\u1ea3ng th\u1eddi gian t\u01b0\u01a1ng \u0111\u1ed1i ng\u1eafn. Ackman c\u00f2n \u0111\u1ec1 c\u1eadp \u0111\u1ebfn “m\u1ed9t trong nh\u1eefng cu\u1ed9c chi\u1ebfn m\u1ed9t chi\u1ec1u nh\u1ea5t trong l\u1ecbch s\u1eed m\u00e0 s\u1ebd k\u1ebft th\u00fac t\u1ed1t \u0111\u1eb9p cho M\u1ef9 v\u00e0 th\u1ebf gi\u1edbi”, \u00e1m ch\u1ec9 ti\u1ec1m n\u0103ng c\u1ee7a m\u1ed9t “kho\u1ea3n c\u1ed5 t\u1ee9c h\u00f2a b\u00ecnh l\u1edbn” (large peace dividend).<\/p>\n

\u0110\u1ed9ng th\u00e1i \u0111\u00e1ng ch\u00fa \u00fd kh\u00e1c t\u1eeb Pershing Square l\u00e0 vi\u1ec7c n\u1ed9p h\u1ed3 s\u01a1 ni\u00eam y\u1ebft tr\u00ean S\u00e0n Giao d\u1ecbch Ch\u1ee9ng kho\u00e1n New York (NYSE) v\u1edbi m\u00e3 “PS” v\u00e0o \u0111\u1ea7u th\u00e1ng n\u00e0y. B\u01b0\u1edbc \u0111i n\u00e0y kh\u00f4ng ch\u1ec9 m\u1edf ra c\u01a1 h\u1ed9i ti\u1ebfp c\u1eadn tr\u1ef1c ti\u1ebfp danh m\u1ee5c \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o c\u00e1c c\u1ed5 phi\u1ebfu v\u1ed1n h\u00f3a l\u1edbn c\u1ee7a Ackman cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1i ch\u00fang, m\u00e0 c\u00f2n bi\u1ebfn qu\u1ef9 \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng th\u00e0nh m\u1ed9t c\u1ea5u tr\u00fac v\u1ed1n v\u0129nh vi\u1ec5n, t\u01b0\u01a1ng t\u1ef1 m\u00f4 h\u00ecnh \u0111\u00e3 \u0111\u01b0\u1ee3c Warren Buffett c\u1ee7a Berkshire Hathaway \u00e1p d\u1ee5ng th\u00e0nh c\u00f4ng. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y Ackman \u0111ang c\u1ee7ng c\u1ed1 n\u1ec1n t\u1ea3ng d\u00e0i h\u1ea1n cho chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee7a m\u00ecnh, b\u1ea5t ch\u1ea5p bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Quan \u0111i\u1ec3m c\u1ee7a Bill Ackman, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ef7 ph\u00fa v\u1edbi chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0 ch\u1ee7 \u0111\u1ed9ng, lu\u00f4n nh\u1eadn \u0111\u01b0\u1ee3c s\u1ef1 ch\u00fa \u00fd \u0111\u1eb7c bi\u1ec7t. Li\u1ec7u l\u1eddi k\u00eau g\u1ecdi “ph\u1edbt l\u1edd g\u1ea5u” c\u1ee7a \u00f4ng s\u1ebd l\u00e0 d\u1ef1 b\u00e1o ch\u00ednh x\u00e1c v\u1ec1 m\u1ed9t \u0111\u1ee3t t\u0103ng gi\u00e1 cho c\u00e1c t\u00e0i s\u1ea3n ch\u1ea5t l\u01b0\u1ee3ng, hay ch\u1ec9 l\u00e0 m\u1ed9t ti\u1ebfng n\u00f3i l\u1ea1c quan trong b\u1ed1i c\u1ea3nh nh\u1eefng r\u1ee7i ro v\u0129 m\u00f4 v\u1eabn c\u00f2n hi\u1ec7n h\u1eefu tr\u00ean th\u1ecb tr\u01b0\u1eddng chung?<\/p>\n

Bi\u00ean t\u1eadp: Ph\u1ed1 Wall (Theo ngu\u1ed3n g\u1ed1c)<\/i><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ef7 ph\u00fa Bill Ackman, ng\u01b0\u1eddi s\u00e1ng l\u1eadp Qu\u1ef9 Pershing Square Capital Management c\u00f3 tr\u1ee5 s\u1edf t\u1ea1i Ph\u1ed1 Wall (New York), v\u1eeba g\u00e2y x\u00f4n xao c\u1ed9ng \u0111\u1ed3ng t\u00e0i ch\u00ednh khi tuy\u00ean b\u1ed1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111ang t\u1ea1o ra m\u1ed9t trong nh\u1eefng \u0111i\u1ec3m v\u00e0o h\u1ea5p d\u1eabn nh\u1ea5t cho c\u00e1c c\u00f4ng ty ch\u1ea5t l\u01b0\u1ee3ng […]<\/p>\n","protected":false},"author":1,"featured_media":2718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-2721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thi-truong-chung-khoan"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2721","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=2721"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/2721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/2718"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=2721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=2721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=2721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}