In this interview with Reuters, Bill Ackman provides some great insights into why investors should remain concentrated and not diversify. Here’s an excerpt from that interview: I’ve always had the view that why not own the best ten or eleven investments as opposed to ideas twelve through twenty five, or … Read More
Bill Ackman: Find Companies That Can Survive The ‘Great Flood’
In his latest Q3 2020 earnings call, Bill Ackman discussed why he recommends investors focus on businesses that can survive the ‘great flood’. Here’s an excerpt from the call: Q: Do you anticipate looking at more defensive ideas in the near future to mitigate some of the risk along with … Read More
Bill Ackman’s Top 10 Holdings (Q3 2020)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Bill Ackman: My Investment Criteria On Potential Investments Has Reversed Over The Last 20-30 Years
Here’s a great interview with Bill Ackman on Virtual Live with André Esteves in which he discusses a number of issues including how his investment criteria on potential investments has reversed over the last 20-30 years. Here’s an excerpt from the interview: Our biggest focus is around what I call business quality … Read More
Bill Ackman: Buffett’s The Best Investor Of All Time
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 … Read More
Bill Ackman: Engrave Your Investment Principles In Stone And Stick To Them
In this recent interview with David Rubenstein on Bloomberg Bill Ackman discussed the mistakes he made circa 2015/2016 which saw a significant drop off in his performance and how he turned it around. Here’s an excerpt from the interview: Q. So let’s talk about for a moment some of the … Read More
Bill Ackman: You Don’t Learn To Invest Successfully Until You Screw Up
In this presentation by Bill Ackman he discusses the reasons behind his failed investment in JC Penny. He also makes the point that successful investing involves making mistakes saying: A I said at the beginning, experiences, making mistakes, and learning from mistakes. Unfortunately as students you haven’t made many mistakes … Read More
Bill Ackman: Why We’re Selling Berkshire
In his latest earnings call on Wednesday Bill Ackman discussed the reasons why Pershing Square is selling its stake in Berkshire Hathaway. Here’s an excerpt from the call: Bill Ackman With that when why don’t we talk about Berkshire? And Ryan, why don’t you update our investors on investment in … Read More
Bill Ackman: Lessons I Learned From Warren Buffett
Here’s a great interview with Bill Ackman on The Knowledge Project Podcast speaking about a number of really interesting topics including lessons he learned from Warren Buffett, saying: Question: What are some of the lessons that you’ve learned over the years from Warren Buffett and Charlie Munger? Ackman: So a … Read More
Bill Ackman: Top Buys, Top Sells (Q4 2019)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Bill Ackman: There Are Many Compelling Bargains In The Equity Markets
Bill Ackman has just released his 2019 Annual Report in which he reported that during the year ended December 31, 2019, PSH’s NAV increased 58.1%, ending the year at $26.94 per share. Over the same period, the S&P 500 increased 31.5%. He also recommended that investors ignore price-earnings multiples in … Read More
Bill Ackman: Top 10 Holdings (Q4 2019)
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Bill Ackman: Q3 2019 Top 10 Holdings
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Bill Ackman – Top 10 Holdings Q2 2019
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Bill Ackman – Top 10 Holdings Q1 2019
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Bill Ackman: Top 10 Holdings
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Bill Ackman: Top 10 Holdings, New Buys, Sold Out Positions
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
Bill Ackman: 11 Books That Every Investor Should Read
We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided book recommendations from: Charles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every Investor Should Read Together with … Read More
Bill Ackman: How To Identify Great Businesses For Investment
Here’s a great interview by Advisor Perspectives with Bill Ackman. During the interview Ackman discusses his investment strategy, how to define a great business, how to construct a portfolio, the importance of an active approach to investing, and why maintaining a high public profile is important in the execution of … Read More
HBS – Activist Investors: The Untold Story
Here’s a great article at the The Harbus. The Harbus is the independent, non-profit news organization of Harvard Business School. The article provides some great arguments against the perception that all activist investors are short term focused, aggressive, and meddlers. Here’s an excerpt from that article: Ask many HBS students about the … Read More