Bill Ackman
Bill Ackman
William Albert Ackman, is an American hedge-fund manager. He is the founder and CEO of Pershing Square Capital Management LP, a hedge-fund management company. Ackman is considered a contrarian investor but he considers himself an activist investor...
NationalityAmerican
ProfessionBusinessman
Date of Birth11 May 1966
CountryUnited States of America
bedrock preserving
Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical.
business call
The President is the CEO of this business that we call America.
economic equity good investors private
I think good private equity investors create a lot more economic value than they destroy.
good industry situations taken talking turn
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.
believe
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 of the earth.
behalf investors love money work
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 do well for. I'm a competitive person.
kids cocky littles
I was a little bit of a cocky kid.
ignorance thinking investing
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 at any one of those companies at this moment?
thinking world cost
I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management, change in strategy, change in cost structure, capital structure.
looks phantoms trading-floor
If you look at the great frauds of all time, Enron had that phantom trading floor. What Herbalife has is it has phantom or fictitious customers.
opportunity university-degrees scams
Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.
thinking marketing stories
If you think of the typical Herbalife distributor and their level of sophistication, to this day I still don't understand the marketing plan - true story.
believe pyramid-schemes pyramids
It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to benefit a handful of super wealthy people at the top of the pyramid.
assessment errands fool
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 market or economic assessments largely irrelevant.