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.
The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their shareholders.
There are no shortcuts when it comes to getting out of debt.
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
The stock market is a wonderfully efficient mechanism for transferring wealth from the impatient to the patient.
Your most expensive advice is the free advice you receive from your financially struggling friends and relatives.
A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
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