During this interview at the Saïd Business School, University of Oxford Bill Ackman was asked who he thought was the best investor of all time and why. Here’s his response:
I hate to be boring on this, I do think Buffett is the greatest investor and the reason why I believe that is just that this is a 50 odd year, it’s a 60 year track record of compounding at 20 plus percent with a very modest amount of leverage in the form of principally insurance float.
I just don’t think there’s a record that compares and I also think that what he does actually creates value for the world. I think George Soros is an incredible investor but I think what he does as an investor creates no value for the world. No, I think what he does as a philanthropist, I think is he creates a lot of value. So I think Buffett has the benefit of… I mean I think Heinz will be a much better business by the time… as a result of Buffett’s ownership.
You look at what he did with Geico since he bought it. I think he’s been he’s created an enormous… he’s bought businesses well but not incredibly well as he’s gotten to be quite large but he’s made those businesses much more valuable.
I think he’s also created a lot of messaging that’s affected the way people think about executive compensation and derivatives. So I think he’s made an enormous contribution. I think it’s a combination of long term… kind of longitude and the accomplishments he’s had. So I think he’s the one by far the best.
You can watch the entire interview here:
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