Top 10 Bill Ackman Quotes
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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.
I was a little bit of a cocky kid.
If I believe that I am right, I will take it to the end of the earth until I am proven right.
I am always prepared to do the right thing regardless of what other people think.
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.
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.
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.
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.
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.
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.
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