The basics of Bill Ackman’s investment philosophy
“The guy is a major loser”. That’s what Carl Icahn called fellow billionaire investor Bill Ackman in Wall Street’s most famous fight. Few get tempers tetchier than Ackman: his contrarian approach to investing has attracted plenty of enemies. But if you can get past his “sanctimonious” demeanor (Icahn again), there’s a lot to be learned from Bill: you don't become a self-made billionaire without doing something right.
Who is Bill Ackman? He’s the 53-year-old founder and CEO of Pershing Square Capital Management, a $9 billion investment firm. Over the past twenty years he’s made a name for himself as one of the most outspoken and headstrong investors around, making one risky bet after anot
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With all this volatility, you may want to write that useful old adage down.