--- title: "Meaning & Key Takeaway of: I think the hedge-fund industry has taken…" description: "\"I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penn..." image: "https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png" --- # I think the hedge-fund industry has taken a reputational… ![“I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who's long and who's short. I don't think it's a good thing for the industry.” quote by Bill Ackman](https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png) [Download](https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png) [Open image](https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png) > “I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who's long and who's short. I don't think it's a good thing for the industry.” [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The hedge‑fund sector has become increasingly cut‑throat, eroding trust and fostering a culture of exploitation, which is detrimental to its reputation. **In simple terms:** Industry greed harms reputation and trust. Key Takeaway Promote ethical standards and transparency. Themes finance ethics reputation competition Mood critical analytical Type cautionary thought‑provoking When to use this quote - investment banking - public perception - regulatory review Key Concepts market integrity short‑selling media scrutiny Questions to Reflect On - How can investors encourage ethical behavior? - What reforms could improve industry reputation? A Different Perspective Profit focus can override moral considerations. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Industry](https://sms4smile.com/quotes/about/industry/) [Media](https://sms4smile.com/quotes/about/media/) [Situations](https://sms4smile.com/quotes/about/situations/) ## Related quotes > [I don't think that hedge funds are bad per se. I think they're just one more financial tool. And in that sense, they're useful.](https://sms4smile.com/quotes/barack-obama/i-don-t-think-that-hedge-funds-are-bad-per-se-i-think-they-re-just/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is…](https://sms4smile.com/quotes/martin-gilbert/i-think-there-are-probably-too-many-hedge-fund-managers-in-the-world/) [Martin Gilbert](https://sms4smile.com/quotes/author/martin-gilbert/) > [Without always meaning to, I write really long short stories, 60-pagers, 90-pagers, pieces of fiction that are too long for all but the bravest…](https://sms4smile.com/quotes/anthony-doerr/without-always-meaning-to-i-write-really-long-short-stories-60-pagers/) [Anthony Doerr](https://sms4smile.com/quotes/author/anthony-doerr/) > [The days seem so long without you, but were too short when we were together.](https://sms4smile.com/quotes/anonymous/the-days-seem-so-long-without-you-but-were-too-short-when-we-were/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Lent, which seems so long, is short at other men's tables.](https://sms4smile.com/quotes/italian-proverb/lent-which-seems-so-long-is-short-at-other-men-s-tables/) Italian Proverb > [I like to wear skirts long or short.](https://sms4smile.com/quotes/saskia-de-brauw/i-like-to-wear-skirts-long-or-short/) [Saskia de Brauw](https://sms4smile.com/quotes/author/saskia-de-brauw/) > [In a perfect world, I'd love to make 90-minute movies, but for me, a movie needs to be as long or short as it…](https://sms4smile.com/quotes/paul-feig/in-a-perfect-world-i-d-love-to-make-90-minute-movies-but-for-me-a/) [Paul Feig](https://sms4smile.com/quotes/author/paul-feig/) > [“My gaze dipped and ran over her legs. legs unbelievable long for someone so short... and those shorts were short. tiny pockets, too. Yeah,…](https://sms4smile.com/quotes/jennifer-l-armentrout/my-gaze-dipped-and-ran-over-her-legs-legs-unbelievable-long-for/) [Jennifer L. Armentrout](https://sms4smile.com/quotes/author/jennifer-l-armentrout/) > [The Long and the Short and the Tall made a great impression on me because it was a very ugly tale about the reality…](https://sms4smile.com/quotes/timothy-west/the-long-and-the-short-and-the-tall-made-a-great-impression-on-me/) [Timothy West](https://sms4smile.com/quotes/author/timothy-west/) > [Santa Claus and the Easter Bunny should take a few pointers from the mutual-fund industry. All three are trying to pull off elaborate hoaxes.…](https://sms4smile.com/quotes/jonathan-clements/santa-claus-and-the-easter-bunny-should-take-a-few-pointers-from-the/) [Jonathan Clements](https://sms4smile.com/quotes/author/jonathan-clements/) > [Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables…](https://sms4smile.com/quotes/john-c-bogle/yes-the-investor-is-often-his-own-worst-enemy-yes-the-marketing/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the…](https://sms4smile.com/quotes/john-c-bogle/we-need-a-mutual-fund-industry-with-both-vision-and-values-a-vision/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.](https://sms4smile.com/quotes/jim-cramer/there-s-accountability-in-the-mutual-fund-industry-and-they-ve-been/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) > [The mutual fund industry provided the money for Intel and Motorola and Hewlett-Packard to crush the competitors.](https://sms4smile.com/quotes/jim-cramer/the-mutual-fund-industry-provided-the-money-for-intel-and-motorola/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) > [The mutual fund industry has been built, in a sense, on witchcraft.](https://sms4smile.com/quotes/john-c-bogle/the-mutual-fund-industry-has-been-built-in-a-sense-on-witchcraft/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) ## More by Bill Ackman > [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…](https://sms4smile.com/quotes/bill-ackman/as-a-result-of-overdiversification-their-active-managers-returns-get/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [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…](https://sms4smile.com/quotes/bill-ackman/i-love-what-i-do-i-don-t-do-it-for-the-money-i-work-on-behalf-of/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [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…](https://sms4smile.com/quotes/bill-ackman/i-m-an-extremely-extremely-persistent-person-extremely-and-when-i/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making -…](https://sms4smile.com/quotes/bill-ackman/i-m-not-emotional-about-investments-investing-is-something-where-you/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [Experience is making mistakes and learning from them.](https://sms4smile.com/quotes/bill-ackman/experience-is-making-mistakes-and-learning-from-them/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [You can learn investing by reading books.](https://sms4smile.com/quotes/bill-ackman/you-can-learn-investing-by-reading-books/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [If you think of the typical Herbalife distributor and their level of sophistication, to this day I still don't understand the marketing plan -…](https://sms4smile.com/quotes/bill-ackman/if-you-think-of-the-typical-herbalife-distributor-and-their-level-of/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [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…](https://sms4smile.com/quotes/bill-ackman/short-term-market-and-economic-prognostication-is-largely-a-fool-s/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [In order to be successful, you have to make sure that being rejected doesn’t bother you at all.](https://sms4smile.com/quotes/bill-ackman/in-order-to-be-successful-you-have-to-make-sure-that-being-rejected/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [I was a little bit of a cocky kid.](https://sms4smile.com/quotes/bill-ackman/i-was-a-little-bit-of-a-cocky-kid/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical.](https://sms4smile.com/quotes/bill-ackman/preserving-the-30-year-prepayable-fixed-rate-mortgage-it-s-like-the/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [I am always prepared to do the right thing regardless of what other people think.](https://sms4smile.com/quotes/bill-ackman/i-am-always-prepared-to-do-the-right-thing-regardless-of-what-other/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [If I believe that I am right, I will take it to the end of the earth until I am proven right.](https://sms4smile.com/quotes/bill-ackman/if-i-believe-that-i-am-right-i-will-take-it-to-the-end-of-the-earth/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.](https://sms4smile.com/quotes/bill-ackman/herbalife-the-customers-are-fictitious-the-business-opportunity-is-a/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) > [Investing is a business where you can look very silly for a long period of time before you are proven right.](https://sms4smile.com/quotes/bill-ackman/investing-is-a-business-where-you-can-look-very-silly-for-a-long/) [Bill Ackman](https://sms4smile.com/quotes/author/bill-ackman/) [Explore all 21 Bill Ackman quotes ](https://sms4smile.com/quotes/author/bill-ackman/) ## More A good thing quotes > [Knowledge is generally considered a good thing; so, presumably, knowing more about how the U.S. thinks and operates around the world is also good.](https://sms4smile.com/quotes/peter-singer/knowledge-is-generally-considered-a-good-thing-so-presumably-knowing/) [Peter Singer](https://sms4smile.com/quotes/author/peter-singer/) > [Being authentic can be a good thing in that often people who are fixated on that are also fixated on having very high standards,…](https://sms4smile.com/quotes/edgar-meyer/being-authentic-can-be-a-good-thing-in-that-often-people-who-are/) [Edgar Meyer](https://sms4smile.com/quotes/author/edgar-meyer/) > [Money is a good thing, but every morning you have to get up with something no one else in the world gets up with…](https://sms4smile.com/quotes/george-foreman/money-is-a-good-thing-but-every-morning-you-have-to-get-up-with/) [George Foreman](https://sms4smile.com/quotes/author/george-foreman/) > [I was raised that emotion was a good thing.](https://sms4smile.com/quotes/jordan-peele/i-was-raised-that-emotion-was-a-good-thing/) [Jordan Peele](https://sms4smile.com/quotes/author/jordan-peele/) > [When I had a full-time job, I really wasn't that busy, but now I'm really busy. I guess that's a good thing.](https://sms4smile.com/quotes/chris-moneymaker/when-i-had-a-full-time-job-i-really-wasn-t-that-busy-but-now-i-m/) [Chris Moneymaker](https://sms4smile.com/quotes/author/chris-moneymaker/) > [It's flattering that there are lots of Internet fan sites about me. I'm a bit of a technophobe and I don't even own a…](https://sms4smile.com/quotes/jonas-armstrong/it-s-flattering-that-there-are-lots-of-internet-fan-sites-about-me-i/) [Jonas Armstrong](https://sms4smile.com/quotes/author/jonas-armstrong/) > [I am not opposed to e-readers. Any technology that encourages the reading of literature is a good thing.](https://sms4smile.com/quotes/julia-glass/i-am-not-opposed-to-e-readers-any-technology-that-encourages-the/) [Julia Glass](https://sms4smile.com/quotes/author/julia-glass/) > [I think about death all the time. I think that's a good thing because we're all going to die, and the only thing we…](https://sms4smile.com/quotes/steve-gleason/i-think-about-death-all-the-time-i-think-that-s-a-good-thing-because/) [Steve Gleason](https://sms4smile.com/quotes/author/steve-gleason/) > [First, I was opposed to gay marriage because it seemed like one more way that gays were wanting to assimilate. When I realized the…](https://sms4smile.com/quotes/edmund-white/first-i-was-opposed-to-gay-marriage-because-it-seemed-like-one-more/) [Edmund White](https://sms4smile.com/quotes/author/edmund-white/) > [Just because we're rid of Saddam and the evil Batthists doesn't mean the occupation is a good thing. Our salvation from Saddam was only…](https://sms4smile.com/quotes/muqtada-al-sadr/just-because-we-re-rid-of-saddam-and-the-evil-batthists-doesn-t-mean/) [Muqtada al Sadr](https://sms4smile.com/quotes/author/muqtada-al-sadr/) > [I love Florida Georgia Line. I love 'Round Here.' So if a fan wants to listen to that, and if a fan that wasn't…](https://sms4smile.com/quotes/scotty-mccreery/i-love-florida-georgia-line-i-love-round-here-so-if-a-fan-wants-to/) [Scotty McCreery](https://sms4smile.com/quotes/author/scotty-mccreery/) > [I keep threatening to write a non-fantasy book, and they keep offering me the kind of money I can't refuse to write a fantasy.…](https://sms4smile.com/quotes/raymond-e-feist/i-keep-threatening-to-write-a-non-fantasy-book-and-they-keep-offering/) [Raymond E. Feist](https://sms4smile.com/quotes/author/raymond-e-feist/) > [My mother raised three kids on her own, so I was taught that to be a working mom was a good thing.](https://sms4smile.com/quotes/sarah-shahi/my-mother-raised-three-kids-on-her-own-so-i-was-taught-that-to-be-a/) [Sarah Shahi](https://sms4smile.com/quotes/author/sarah-shahi/) > [I think it is a good thing to buy less and choose well - it's good for the environment and to be fair it's…](https://sms4smile.com/quotes/vivienne-westwood/i-think-it-is-a-good-thing-to-buy-less-and-choose-well-it-s-good-for/) [Vivienne Westwood](https://sms4smile.com/quotes/author/vivienne-westwood/) > [I think it's a good thing to have a lot of voices in the media, and I think, you know, let all flowers bloom.](https://sms4smile.com/quotes/cokie-roberts/i-think-it-s-a-good-thing-to-have-a-lot-of-voices-in-the-media-and-i/) [Cokie Roberts](https://sms4smile.com/quotes/author/cokie-roberts/) Browse all 195 A good thing quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who's long and who's short. I don't think it's a good thing for the industry.", "creator": { "@type": "Person", "name": "Bill Ackman" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/bill-ackman/i-think-the-hedge-fund-industry-has-taken-a-reputational-turn-for-the/", "about": { "@type": "Thing", "name": "A good thing" }, "@id": "https://sms4smile.com/quotes/bill-ackman/i-think-the-hedge-fund-industry-has-taken-a-reputational-turn-for-the/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png", "contentUrl": "https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png", "url": "https://sms4smile.com/quotes/i/093/bill-ackman-26775_a-good-thing_i-think-the-hedge-fund-industry-has-take_3114639.png", "width": 1080, "height": 1080, "caption": "“I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not…” — Bill Ackman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Bill Ackman", "item": "https://sms4smile.com/quotes/author/bill-ackman/" }, { "@type": "ListItem", "position": 4, "name": "I think the hedge-fund industry has...", "item": "https://sms4smile.com/quotes/bill-ackman/i-think-the-hedge-fund-industry-has-taken-a-reputational-turn-for-the/" } ], "@id": "https://sms4smile.com/quotes/bill-ackman/i-think-the-hedge-fund-industry-has-taken-a-reputational-turn-for-the/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```