Bill Ackman

@bill-ackman · 22 positions · On ppll ↗

Founder and chief executive of Pershing Square Capital Management, the activist investment firm he started in 2004.

Bill Ackman did not write this page.

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What Bill Ackman says most about

value investing 7

Incentives drive all human behaviour, which makes a management team's incentives central to valuing a company.
An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell.

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investing 6

Short selling is inherently treacherous and should almost never be done.
Investing well requires reversing the human instinct to grow excited as prices rise and fearful as they fall.

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management 6

Incentives drive all human behaviour, which makes a management team's incentives central to valuing a company.
Shareholder activism restored the balance of power between a company's owners and its managers, and that has been good for the US stock market.

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stock market 4

Short selling is inherently treacherous and should almost never be done.
Investing well requires reversing the human instinct to grow excited as prices rise and fearful as they fall.

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America 3

American defamation law protects the publisher rather than the person a story harms, and the incentives that follow are all wrong.
The DEI movement on campus comes out of a Marxist socialist way of looking at the world.

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