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.
Just because a stock is down doesn't mean it's a great buy.
This message (that attempting to beat the market is futile) can never be sold on Wall Street because it is in effect telling stock analysts to drop dead.
How did you go bankrupt?" Two ways. Gradually, then suddenly.
Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.
Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested
It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
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