Bill Ackman: Successful Investing Requires A Private Equity Mindset in Public Markets

Johnny HopkinsBill AckmanLeave a Comment

During his recent interview with David Rubenstein, Bill Ackman explained why successful investing requires a private equity mindset in public markets. Here’s an excerpt from the interview:

Host: What type of people would get a job here? You’re looking for people who are really smart, good academic credentials, driven, what is it that you look for when you’re interviewing people?

Ackman: It depends on what role, but people on the investment team generally yes they’ve uh graduated top of their class at Wharton.

They’ve always been interested in business and investing.

They went to work at a Apollo, KKR, Carlisle. We like people that get private equity experience.

We think that’s the best background for what we do.

We’re really private equity investors investing in the public markets. And the sort of temperament of a typical private equity person fits well here.

We only own really eight companies. They don’t change that often. So this is not a place where a typical hedge fund firm you know people are cycling through you know the idea of the week, the idea of the month, here we may do one new idea a year.

You can watch the entire discussion here:

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