We invest generally in very good companies that have lost their way. And with better management, enormous value can be created.
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.
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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If I believe that I am right, I will take it to the end of the earth until I am 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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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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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.
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Investing is one of the few things you can learn on your own.
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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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I’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.
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You can learn investing by reading books.
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I am always prepared to do the right thing regardless of what other people think.
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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.
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Everyone 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.
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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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You should surround yourself with people that believe in you, in life, and in business.
BILL ACKMAN