On: Bill Ackman to wind down SPAC, return $4B to investors

[abakker]

Opportunity cost - you locked up your money and it lost value due to inflation instead of being put into something that kept pace with inflation. Obviously, this is counterfactual, but that is the premise.

[giantg2 → abakker]

The flip side is that statistically one would have likely put it in a security that declined over the past year.