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> Or Bill Ackmann crying on CNBC while financially positioned for the exact opposite.

No, he was positioned in exactly the way he said he was. He went on CNBC to warn about the dangers of the coronavirus, having already expressed this view in the market. It's his job as a hedge fund manager to do so.

Also, he won big on the credit default swap trade while losing massively as the market plummeted, the individual trade was massively profitable, but in aggregate it was just a hedge against the downturn.