Bill Ackman quotes
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“I am always prepared to do the right thing regardless of what other people think.”
-- Bill Ackman -
“If I believe that I am right, I will take it to the end of the earth until I am proven right.”
-- Bill Ackman -
“In order to be successful, you have to make sure that being rejected doesn’t bother you at all.”
-- Bill Ackman -
“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.”
-- Bill Ackman -
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“I was a little bit of a cocky kid.”
-- Bill AckmanSource : "Billionaire Bill Ackman’s ill-fated bike ride: “his mind wrote a check that his body couldn't cash” by William D. Cohan, www.vanityfair.com. February 27, 2013.
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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.”
-- Bill Ackman -
“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.”
-- Bill Ackman -
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“Experience is making mistakes and learning from them.”
-- Bill AckmanSource : "Bill Ackman Says Herbalife Will Be On The Verge Of Death In The Next 12 Months" by Julia La Roche, www.businessinsider.com. November 5, 2013.
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“As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?”
-- Bill Ackman -
“I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management, change in strategy, change in cost structure, capital structure.”
-- Bill AckmanSource : "CNBC Exclusive: CNBC's Scott Wapner Interviews Carl Icahn and Bill Ackman from CNBC Institutional Investor Delivering Alpha Conference in NYC". "Closing Bell", www.cnbc.com. July 16, 2014.
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“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.”
-- Bill Ackman -
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“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.”
-- Bill Ackman -
“Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.”
-- Bill Ackman -
“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.”
-- Bill Ackman
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