American hedge-fund billionaire Bill Ackman said on Tuesday that his acquisition of 5% of the Israeli stock market was “one of the best investments” he made in his life, adding that he sees a bright future for the Israeli economy, which has proven to be resilient through regional turmoil since the start of Israel’s war against Hamas in Gaza.

“Less than two years ago, I predicted that there was no better time to invest in Israel, and I’m proud to say I was right,” he told JNS after ringing the opening bell of the Tel Aviv Stock Exchange during a visit to the Jewish state.

Last year, the 59-year-old billionaire investor and his Israeli-born wife, Neri Oxman, spent $25 million for an equity stake of around 4.9% in the Tel Aviv Stock Exchange.

“Owning an exchange is like owning a royalty

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