Tag Archive

In this interview with Reuters, Bill Ackman explains why he prefers concentrated investing, emphasizing the value of owning 10 to 11 exceptional investments instead of diversifying across many ideas. He believes great opportunities are rare, and focusing on fewer investments enhances potential returns. However, this approach often leads to more … Read More

During this interview with Lex Friedman, Bill Ackman recounts borrowing $300 million from JP Morgan during a financial crisis in his firm to buy stock in his public company, preventing an activist takeover. This decision, coupled with resolving his divorce and settling litigation, marked a turning point for his firm. … Read More

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

In his Pershing Square 2024 Interim Report, Bill Ackman highlights the increasing dominance of index funds, which act as permanent owners, in stock market capitalization. This shift amplifies the influence of short-term, highly leveraged investors, such as market-neutral and quantitative funds, on price discovery. These investors often use margin, derivatives, … Read More

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

In this fireside chat at USB, Bill Ackman discusses the value of understanding the predictable nature of businesses, akin to bonds with varying coupons and no fixed maturity, emphasizing the higher worth of early years in a discounted cash flow analysis. Ackman, influenced by Warren Buffett, prioritizes investments in businesses … Read More

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

In this interview with Lex Fridman, Bill Ackman describes his experience turning around General Growth Properties through bankruptcy. He emphasizes the importance of independent analysis and learning the basics over relying solely on conventional wisdom and expertise. He highlights the positive outcome for all stakeholders involved and credits his success … Read More

In this interview with Lex Fridman, Bill Ackman explains that knowledge and confidence in investing take time. Accept that volatility is natural and learn to develop a “calloused” approach to market fluctuations. He also recommends building an emergency fund and avoiding debt so market volatility doesn’t impact your well-being. This … Read More

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 … Read More

In this interview at Delivering Alpha, Bill Ackman explains why he typically owns a small number of stocks but holds large positions in each one. This allows his fund to focus on its best ideas and have a significant impact on the companies it invests in. Here’s an excerpt from … Read More

During this interview with CNBC, Bill Ackman explained why Warren Buffett has been his ‘unofficial’ mentor for many years, saying that the ability to take a long-term view in investing is a huge advantage, and it is one of the reasons why his firm has been so successful in recent … Read More

In this interview with Julia La Roche, Bill Ackman discusses his simple formula for investing in great businesses. Here’s an excerpt from the interview: We had an investment strategy we always would articulate but never sort of codified in a very simplistic, Moses tablet if you will, of Commandments. Basic … Read More

During this interview with 20VC, Bill Ackman discussed the one trend that most investors are missing. Here’s an excerpt from the interview: Ackman: There will be persistent, it’s not a one-word answer, but the world is a structurally different place than it was for the last 20 odd years. And … Read More

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

In his recent 2022 Annual Letter, Bill Ackman explained why stock market volatility is the friend of the long-term investor. Here’s an excerpt from the letter: While our NAV declined by 8.8% in 2022, the volatility markets experienced in 2022 should set the stage for greater longterm outperformance for PSH. … Read More

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

During his recent interview with 20VC, Bill Ackman explained why we need to guarantee all bank deposits. Here’s an excerpt from the interview: Ackman: I woke up Saturday morning after the events of the week pretty convinced that if the government didn’t at a minimum guarantee deposits at Silicon Valley … Read More

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

During his recent interview with AJ Bell, Bill Ackman discussed the two places where he’s investing his capital right now. Here’s an excerpt from the interview: Ackman: So we put our capital in two places. One, we launched one of the more aggressive buy-back programs out there. We’re buying in … Read More