Bill Ackman lost $400M dumping Netflix — now says it ‘won the streaming wars.’ Should you rebuy a stock that burned you?

Bill Ackman, the CEO of Pershing Square, has recently returned to investing in Netflix after dumping his shares four years ago at a significant loss. The new investment accounts for 4.9% of Pershing Square's portfolio as of June 30. Jeff Bezos backs a platform that allows anyone to invest in rental homes for as little as $100. JPMorgan expects gold to reach $5,000 per ounce by the fourth quarter of the year, and savvy investors are protecting their wealth with a tax-advantaged Gold IRA.

The U.S. tax breaks in the big bipartisan infrastructure bill expire after 2028, and experts advise people to act before the window closes. Netflix has effectively won the streaming wars, according to Ackman and Pershing Square's chief investment officer, Ryan Israel. The firm expects double-digit revenue growth, with content expenses rising at a slower pace than revenue.

Ackman's decision to revisit Netflix shows how challenging it is to choose the right moments to buy and sell individual stocks.