I have more money than I need. I don’t need to work for a living. I do this because I love what I do.
BILL ACKMANI have more money than I need. I don’t need to work for a living. I do this because I love what I do.
BILL ACKMANEveryone told me it was a really stupid idea to start my own hedge fund right out of business school. That’s how I knew that it was a good idea.
BILL ACKMANWe invest generally in very good companies that have lost their way. And with better management, enormous value can be created.
BILL ACKMANI’m not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making – just the facts.
BILL ACKMANInvesting is one of the few things you can learn on your own.
BILL ACKMANWhat motivates people to succeed? Sex. People don’t like to admit it, but it’s the primal driver.
BILL ACKMANI’m a very straightforward person. I say precisely what I think. Sometimes it rubs people the wrong way.
BILL ACKMANThe untold secret of McDonald’s is that when you sell a restaurant to a franchisee, sales typically go up a lot because the franchisees do a much better job managing the store.
BILL ACKMANI 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.
BILL ACKMANYou should surround yourself with people that believe in you, in life, and in business.
BILL ACKMANWhat the market tells you in the short term is what a certain subset of people believe. That doesn’t mean they’re right.
BILL ACKMANYou can learn investing by reading books.
BILL ACKMANI think good private equity investors create a lot more economic value than they destroy.
BILL ACKMANExperience is making mistakes and learning from them.
BILL ACKMANInvesting is a business where you can look very silly for a long period of time before you are proven right.
BILL ACKMANWhat I love about tennis is that I’m better now than I was when I was 20.
BILL ACKMAN