Billionaire Bill Ackman Is Planning to Invest $10 Billion in New Stocks This Summer. Here's Why He Thinks It's a Great Time to Buy.

Billionaire Bill Ackman Is Planning to Invest $10 Billion in New Stocks This Summer. Here's Why He Thinks It's a Great Time to Buy.

Key PointsStock prices aren't just nominally expensive right now -- valuations are high too.However, Bill Ackman thinks many of the best companies in the world deserve their valuations right now.Ackman wants to invest $10 billion in a new closed-end fund.10 stocks we like better than S&P 500 Index › Some investors might see the S&P 500 (SNPINDEX: ^GSPC) sitting at an all-time high and think there's not a lot of value to be found right now. Bill …