As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on… — Bill Ackman Copy Share Image
As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any… — Bill Ackman Copy Share Image
I love what I do. I don't do it for the money. I work on behalf of investors that I like and want to… — Bill Ackman Copy Share Image
I'm an extremely, extremely persistent person. Extremely. And when I believe I am right, and it is important, I will go to the end… — Bill Ackman Copy Share Image
I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making -… — Bill Ackman Copy Share Image
If you think of the typical Herbalife distributor and their level of sophistication, to this day I still don't understand the marketing plan -… — Bill Ackman Copy Share Image
Short-term market and economic prognostication is largely a fool’s errand, we invest according to a strategy that makes the need to rely on short-term… — Bill Ackman Copy Share Image
In order to be successful, you have to make sure that being rejected doesn’t bother you at all. — Bill Ackman Copy Share Image
Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical. — Bill Ackman Copy Share Image
I am always prepared to do the right thing regardless of what other people think. — Bill Ackman Copy Share Image
