Is Bill Ackman 'fucking lost it'? Here's why he's riding a highway all the way to MAGA town

The hedge fund manager has always been a supremely confident investor, and Trump is his latest conviction buy.

Since that event in September 2023 , Ackman has ridden a highway all the way to MAGA town.

Since then, his X feed is full of unfiltered pro-Trump , Democratic party rhetoric.

Alex Castellanos : While Ackman is now pushing the MAGA agenda, his identity as a Wall Street insider is still important to him.

The contrast between his newly adopted ideology and his elite public persona and reputation has come to define his posting style.

The basic contradiction of Ackman ’s new public persona has never been resolved, and Ackman still feels a deep need to be seen as an elite Wall Streeter .

Bill Ackman's MAGA turn is a natural next step in the development of his well-documented personality, says Julian Zelizer .

Zelizer: Ackman has always been a man with obsessive convictions, a guy given to trolly contrarianism.

In 2012 , Ackman publicly accused the supplement company Herbalife of being a pyramid scheme and built a billion dollar short position against it.