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.
Interpretation
Investing requires rational decision-making without emotional influence.
In this quote, Bill Ackman emphasizes the importance of maintaining a logical and objective approach to investing. He argues that emotions can cloud judgment and lead to poor financial decisions; hence, investors should focus solely on factual information and analysis when making investment choices.
In practice
In a financial presentation discussing investment strategies, this quote can remind attendees to remain objective.
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 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.
The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don'ts.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
Net return is simply the gross return of your investment portfolio less the costs you incur. Keep your investment expenses low, for the tyranny of compounding costs can devastate the miracle of compounding returns.
I believe, in the stock market - that's one of my fields - that most people are irrational. And to be irrational, you can be irrational in so many different ways that, practically, the result is indeterminate.
Finance that only talks to itself & deals with each other becomes socially useless
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