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 AckmanRead
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.
Interpretation
Entrepreneurial investors are crucial for driving change and improving management in a market dominated by passive investors.
In a landscape where many investors remain passive, active entrepreneurial investors play a vital role in advocating for necessary changes within companies. By proposing alterations to management, strategy, and financial structures, these investors help ensure that organizations continuously adapt and improve, fostering growth and resilience in a changing economic environment.
In practice
During a business conference focused on innovation, you might quote Bill Ackman to emphasize the need for proactive investment.
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.
I'm an extremely, extremely persistent person. Extremely. And when I believe I am right, and it is important, I will go to the end of the earth.
Investing is a business where you can look very silly for a long period of time before you are proven right.
There are no shortcuts when it comes to getting out of debt.
Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.
Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.
But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
Most women file for bankruptcy in the aftermath of a serious medical problem, a job loss, or a family break up. It is hard to protect against those.
Market timing doesn't work. If all the bubbles and all this mispricing really exist, how come so few people see it before it turns out that way?
Subscribe for the occasional hand-picked quote. No noise.