A post by @DeItaone on X.

Pershing Square founder Bill Ackman said the stock market is "broken" by speculative trading, warning that excessive leverage and casino-style products including perpetual futures are driving irrational price swings. He singled out leveraged products as a key source of distortion while comparing today's environment to a casino. Ackman said the resulting volatility has created buying opportunities for Pershing Square in Microsoft, Amazon and Alphabet. He also called Visa and Mastercard two of the world's greatest businesses and confirmed Netflix as a portfolio holding. The comments matter as a high-profile investor's critique of leverage-driven market structure, and investors will watch whether Ackman adds to the megacap names he flagged as opportunities.