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
thinking people prepared
I am always prepared to do the right thing regardless of what other people think.
kids cocky littles
I was a little bit of a cocky kid.
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.
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.
successful order rejected
In order to be successful, you have to make sure that being rejected doesn’t bother you at all.
bedrock preserving
Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical.
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.
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.
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.
looks phantoms trading-floor
If you look at the great frauds of all time, Enron had that phantom trading floor. What Herbalife has is it has phantom or fictitious customers.
mistake making-mistakes mistakes-and-learning
Experience is making mistakes and learning from them.