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
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.
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.
economic equity good investors private
I think good private equity investors create a lot more economic value than they destroy.
business call
The President is the CEO of this business that we call America.
bedrock preserving
Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical.
thinking people prepared
I am always prepared to do the right thing regardless of what other people think.
believe earth ends
If I believe that I am right, I will take it to the end of the earth until I am proven right.
successful order rejected
In order to be successful, you have to make sure that being rejected doesn’t bother you at all.
silly long investing
Investing is a business where you can look very silly for a long period of time before you are proven right.
emotional decision investing
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.
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.
reading book investing
You can learn investing by reading books.
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.
opportunity university-degrees scams
Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.