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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.
Bill Ackman
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More from Bill Ackman

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.
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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.
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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.
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