Don't Panic, BUY — Bill Ackman's Bold Move On The Crashing Markets - Your Ticket To Ride Next Boom

What's the best way to get conviction in an investment idea? Find the best short seller in something that you own and and hear your their arguments. If you can rebut each of their arguments, then you can feel more confident in your investment. Uh we purchased Amazon after Trump announced liberation day tariffs. We acquired Meta after they disappointed people by committing a large amount of money to uh capex. And the same with with Microsoft. You know, it's sort of an interesting environment when you have a company come out publicly and say, "We have enormous demand for our service. Therefore, we have to invest uh well in excess of what we expected in capex just to try to meet the demand from our product." And then stock price goes down. But it's probably those names represent about a third of our portfolio, too. The global stock market is caught in a highstakes emotional roller coaster gripped by geopolitical friction, sweeping tariff anxieties and sticky macroeconomic headwinds. Nearly $2 trillion in market capitalization has been erased in recent weeks with dominant market leaders suffering steep 20% to 30% pullbacks. Retail and institutional investors alike are trapped in a short-term feedback loop, panic selling quality assets to protect quarterly metrics or retreating to the sidelines to wait for an elusive market bottom. But while the crowd flees, billionaire investor Bill Aman approaches these sharp draw downs with a fundamentally different framework. Aman's edge isn't blind bravery. It is systematically stress- tested conviction. When tariff panics sparked sell-offs, Persing Square stepped in. When market fears over multi-billion dollar AI capital expenditures dragged down meggaap tech, Aman bought the dip. His core strategy is simple. Seek out the sharpest short sellers and bearish arguments against a company. Dissect every point one by one. And if you can logically rebut every single thesis, step in aggressively while others panic. Long-term horizon isn't just an investing preference. It is a structural competitive advantage over short-term panic sellers. That exact market setup, the same asymmetric opportunity that allowed Aman to build his fortune, has presented itself once again. Today, three of Aman's key portfolio holdings are trading at massive unjustified discounts. One core position just reported earnings yesterday and took a severe hit after the release. another reported a week ago and remains heavily discounted over 12% below its pre-earnings level. And his flagship top holding sits near year-to-ate lows despite record core cash flows. In this video, we will break down the numbers, dissect the shortseller arguments, and examine these three high conviction buy the dip stocks sitting in Persian Square's portfolio right now. First on the list is Tech Titan Alphabet Inc. trading under ticker goggl, which recently saw its stock plunge nearly 10% following its third quarter earnings report. To the short-sighted observer, a double miss on revenue and earnings per share looks like a red flag. But a closer look at the numbers reveals a classic market overreaction driven by surface level noise rather than operational weakness. Consolidated revenues actually expanded 25% year-over-year to hit 127.6 billion, pushing Alphabet's annual revenue run rate past 0.5 trillion. The gap earnings miss that rattled Wall Street was entirely caused by nonoperational paper losses in its investment portfolio, primarily an unrealized $9 billion swing rather than any erosion in its core business engines. Operationally, the company is demonstrating incredible strength. The star of the show, Google Cloud, surged an extraordinary 103% year-over-year to surpass $30.7 billion in quarterly revenue, while its operating profits nearly tripled to 11.1 billion with margins expanding to 36.2%. This staggering growth is backed by a massive $561 billion backlog, proving that Alphabet's proprietary TPU chips and infrastructure are leading the enterprise AI hardware race. Meanwhile, fears of search disruption are simply ungrounded. Google Search added $7 billion in new revenue this quarter alone while processing 32 billion tokens per minute through its Gemini platform, which now boasts over 1 billion users. YouTube continues its steady compound growth as well, surpassing 150 million premium subscribers. With operating income rising 30% to over $40.6 billion, Alphabet's underlying profitability remains rock solid. Yet, this temporary headline panic has dragged the stock down to trade at roughly 19 times next year's earnings, a massive discount to its historical multiples. For long-term investors who recognize a generational compounder, this sharp retreat presents an extraordinary window of opportunity where structural dominance and relentless innovation meet an undeniably attractive valuation. Shifting gears to the second stock on our radar. Social media powerhouse Meta Platforms Inc. trading under ticker Meta reported its third quarter earnings a week ago and is still trading at a sharp discount down over 12% from its pre-earnings levels. The primary driver of this sell-off isn't a weakening core business, but rather Wall Street's anxiety over Meta's massive capital expenditure commitments and infrastructure expansion. Capital spending reached elevated levels as the company raised its fullear guidance to between $135 billion and $145 billion to fund its ambitious AI scaling strategy. This heavy spending combined with one-time legal charges of $9.9 billion, compressed operating margins, and briefly pushed free cash flow into negative territory. Investors panicked over the near-term cash burn, completely overlooking the incredible strength of the underlying cash machine. Operationally, Meta's core advertising engine is firing on all cylinders. Total revenue surged 26% year-over-year to $64 billion, powered by a 10% increase in ad impressions and a 14% gain in the average price per ad. Artificial intelligence is already directly supercharging engagement across Meta's massive base of 3.6 billion daily active users. AI recommendation models boosted Instagram reels viewing time, while new generative AI advertising tools helped drive a nearly 10% improvement in app ad conversions for over 10 million advertisers. Beyond core ads, Meta's consumer AI agent, Muse, represents a transformative multi-year growth catalyst. Muse captured over 10 million users in the US and Canada in just 6 weeks, with a quarter using it daily, primarily for high value e-commerce transactions, averaging over $200. While Muse is currently compute inensive, management expects a 10-fold increase in cost efficiency over the next year, paving the way for lucrative transaction fees, premium subscriptions, and enterprise tools. Furthermore, Meta's next generation models have already reduced perunit content processing costs by more than 80%. Trading at just 19 times forward earnings, a significant discount relative to its big tech peers. Meta's transientfree cash flow compression offers long-term investors a rare opportunity to acquire a high monetization growth engine at an exceptionally attractive valuation. Finally, rounding out the top positions is global mobility giant Uber Technologies Inc., trading under ticker Uber, which stands as Bill Aman's largest portfolio holding, representing over 12.7% of Persing Square's total assets with a massive 34.3 million share stake valued at $2.5 billion. Despite stellar operational execution, Uber's stock has suffered a severe pullback of nearly 30% over the past year, driven almost entirely by fear-mongering and market anxiety around autonomous vehicle competition from players like Whimo and Tesla. Short-sighted sellers view robo taxis as an existential threat to Uber, completely ignoring that vehicle hardware without consumer demand is economically inefficient. Vehicles on Uber's network achieve roughly 30% higher utilization than standalone fleets, making it far more logical for autonomous vehicle developers such as Lucid Nuro, BYU, and Pony.ai to partner with Uber and rent its massive global network rather than spend billions trying to build competing consumer apps in every city. Behind this narrative-driven weakness lies an absolute cash generation powerhouse running on all cylinders. Uber's gross bookings accelerated to 24% year-over-year growth to reach 58 billion, while total revenue surged 12% to over $14.2 billion. Driven by high margin growth in delivery, freight, and cross-platform monetization like its Expedia travel integration, adjusted EBITDA soared 33% to $2.82 82 billion, expanding operating margins significantly. Over the trailing 12 months, Uber generated a staggering $10.1 billion in free cash flow, trading at an exceptionally high 7.4% free cash flow yield, more than double that of its main competitors. Management is aggressively capitalizing on this market disconnect by executing a massive $15.7 billion share buyback program, returning billions to investors and retiring tens of millions of shares. Institutional ownership has reached an all-time high, mirroring Acman's deep conviction that Uber's expanding network effect, pricing power, and high margin cash flows are dramatically mispriced by short-term traders. Trading at just 14 times trailing IBITDA and a non-GAAP forward PEG ratio of 0.74, a nearly 50% discount to sector medians, Uber represents a quintessential low-risk, high conviction value opportunity hiding in plain sight for long-term investors. When market panics erase trillions in value, short-term sellers focus on headline noise, but long-term investors spot generational wealth opportunities. Dissecting the bare cases behind Alphabet, Meta, and Uber reveals that their core cash engines remain fundamentally unbroken. Which of these discounted giants are you adding to your watch list? Drop your thoughts below. Hit like and subscribe for deeper institutional breakdowns.