Billionaire hedge fund manager Bill Ackman stated that President Joe Biden should not run for reelection due to not being at his “intellectual best.”
Ackman expressed openness to Republican candidates and suggesting that Biden should step aside to create an opportunity for competition.
Ackman’s opinion carries weight due to his status as a respected investor with insights into financial markets.
He also mentioned Rep. Dean Phillips as an impressive potential 2024 candidate, raising the possibility of a challenge to Biden. (Trending: Another Major Company Goes Woke And Goes Broke)
Billionaire investor Bill Ackman said President Joe Biden risks tarnishing his political reputation by seeking a second term and he should "step aside."
— Bloomberg TV (@BloombergTV) December 1, 2023
“I think Biden’s done a lot of good things. But I think his legacy will not [be] a good one if he is the nominee,” Ackman told Bloomberg.
“I do think the right thing for Biden to do is step aside, and to say he’s not going to run, and create the opportunity for some competition.”
“You need to be at your intellectual best. And I don’t think Biden is there,” Ackman continued.
“I don’t say that, you know, with any derision of the president. But I think he’s clearly past his physical and cognitive peak.”
Ackman is known for issuing strong opinions on political matters, including advocating for debates on vaccine safety and efficacy.