阿克曼表示，这种波动也为潘兴广场资本管理公司创造了机会，使其能以折扣价格买入其认定的高质量公司。
Ackman says the volatility has also created opportunities for Pershing Square to buy companies it considers high quality at discounted prices.
阿克曼点名微软、亚马逊、Visa、万事达卡和奈飞，同时警告短期投机可能损害投资者利益。
Ackman points to Microsoft, Amazon, Visa, Mastercard and Netflix while warning that short-term speculation can hurt investors.
亿万富翁投资者、潘兴广场资本管理公司创始人比尔·阿克曼担忧股市已然失灵，认为投机交易的兴起加上系统中大量的杠杆，导致股价剧烈波动。
Bill Ackman worries that the stock market is broken, saying the rise of speculative trading is leading to wild price swings thanks to the amount of leverage in the system.
“每隔几天，我都感觉市场坏了，” 阿克曼周二在 CNBC 节目 “Squawk Box” 上表示。”股票以在我看来毫无道理的价格交易。是的，如果你是长期投资者，能以愚蠢的价格买入，这对你有利。但我认为这对国家整体并无益处。”
"Every number of days, I feel like markets are broken," Ackman told CNBC's " Squawk Box " on Tuesday. "Stocks trade at prices that make no sense to me. Yes, it's good if you're a long-term investor and you can buy at a stupid price. I don't think it's good for the country generally."
“我们回到了杠杆率达 95% 的赌场式市场，” 他补充道。”我不认为这对经济、对社会天然有利，而且它导致股票出现巨幅波动。” 这位潘兴广场创始人表示，正是这些市场错位给对冲基金提供了捡漏大便宜的机会。
"We're back to the casino type markets when there was 95% leverage," he added. "I don't think that's inherently good for the economy, for society, and it's leading to these massive moves in stocks." The founder of Pershing Square Capital Management said those same dislocations in the market have given the hedge fund the opportunity to snag big bargains.
例如，潘兴在今年早些时候 “SaaS 末日” 期间微软股价遭重创时买入；在亚马逊因唐纳德·特朗普总统关税政策下跌时买入；在 ChatGPT 发布后 Alphabet 股价 “大幅” 波动时也买入了该股，阿克曼透露。
Pershing bought Microsoft for example, when it was pummeled during the "SaaSpocalypse" earlier this year, and Amazon when it fell following President Donald Trump's tariffs. It also bought Alphabet when the stock moved "massively" following ChatGPT's launch, he said.
但这位亿万富翁投资者担心，单日杠杆产品、永续期货和体育博彩的兴起，对将股市视为暴富捷径的投资者来说很危险——这种心态可能酿成灾难性后果。
But the billionaire investor worries that the rise of one-day leveraged vehicles, perpetual futures and sports betting is dangerous for investors who are treating the stock market as a get-rich-quick scheme — an attitude that could have disastrous consequences.
“从长远看，这对我们潘兴广场有利，” 他说。”但我认为这对国家不利。” 阿克曼特别看好的股票包括 Visa 和万事达卡，他称二者为全球 “最伟大” 的企业之一，以及流媒体平台奈飞，他在 8 月披露了持仓。
"It's good for us long term, us being Pershing Square," he said. "I don't think it's good for the country." Among the stocks Ackman is especially bullish on are Visa Mastercard which he called among the world's "greatest" businesses, as well as streaming platform Netflix, in which he disclosed a position in August.