The 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 ACKMANYou can learn investing by reading books.
More Bill Ackman Quotes
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Let me win? That doesn’t exist in my house. No one lets anyone win. Fight to the death.
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What the market tells you in the short term is what a certain subset of people believe. That doesn’t mean they’re right.
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Ultimately, investors are – are only as good as their track records.
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I’m a very straightforward person. I say precisely what I think. Sometimes it rubs people the wrong way.
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Investing is one of the few things you can learn on your own.
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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.
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What I love about tennis is that I’m better now than I was when I was 20.
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In order to be successful, you have to make sure that being rejected doesn’t bother you at all.
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I want to have one of the great investment records of all time.
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Investing is a business where you can look very silly for a long period of time before you are proven right.
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What motivates people to succeed? Sex. People don’t like to admit it, but it’s the primal driver.
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I think good private equity investors create a lot more economic value than they destroy.
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We invest generally in very good companies that have lost their way. And with better management, enormous value can be created.
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Experience is making mistakes and learning from them.
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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 ACKMAN