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Incentives drive all human behaviour, which makes a management team's incentives central to valuing a company.

Drawn from what Bill Ackman said

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What Bill Ackman actually said

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  1. Bill Ackman

    Founder and chief executive of Pershing Square Capital Management

    So as I like to say, incentives drive all human behavior and that certainly applies in the business world. So understanding the people and what drives them, and what the actual financial and other incentives of a business, are very important part of the analysis for investing in a company.

Added to korrents 20 Feb 2024 · How quotes work · Something wrong? Tell us

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