As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?
Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud. - Bill Ackman
Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.
- 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… - 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…
I am always prepared to do the right thing regardless of what other people think. - Bill Ackman
I am always prepared to do the right thing regardless of what other people think.
If I believe that I am right, I will take it to the end of the earth until I am proven right. - Bill Ackman
If I believe that I am right, I will take it to the end of the earth until I am proven right.
I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - ju… - Bill Ackman
I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - ju…
Experience is making mistakes and learning from them. - Bill Ackman
Experience is making mistakes and learning from them.
In order to be successful, you have to make sure that being rejected doesn’t bother you at all. - Bill Ackman
In order to be successful, you have to make sure that being rejected doesn’t bother you at all.
As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't do… - Bill Ackman
As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't do…
It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to … - Bill Ackman
It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to …
Login to join the discussion
Login to join the discussion