I think good private equity investors create a lot more economic value than they destroy.
BILL ACKMANI think good private equity investors create a lot more economic value than they destroy.
BILL ACKMANIn the investing business you need a – a high degree of confidence but you also need a high degree of humbleness and you have to balance those two… Humbleness comes from mistakes.
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 ACKMANIf I believe that I am right, I will take it to the end of the earth until I am proven right.
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 ACKMANIn order to be successful, you have to make sure that being rejected doesn’t bother you at all.
BILL ACKMANUltimately, investors are – are only as good as their track records.
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 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 ACKMANExperience is making mistakes and learning from them.
BILL ACKMANInvesting is one of the few things you can learn on your own.
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 am always prepared to do the right thing regardless of what other people think.
BILL ACKMANYou can learn investing by reading books.
BILL ACKMANLet me win? That doesn’t exist in my house. No one lets anyone win. Fight to the death.
BILL ACKMANWe invest generally in very good companies that have lost their way. And with better management, enormous value can be created.
BILL ACKMAN