“Everyone told me it was a really stupid idea to start my own hedge fund right out of business school. That's h…”

“

Everyone told me it was a really stupid idea to start my own hedge fund right out of business school. That's how I knew that it was a good idea.

— Bill Ackman

Hedge fund manager

Book Title – The Word On The Street: Is Heard By All, But Only A Few Listen – Get the book

About this quote

Attributed to: Bill Ackman
Published in: The Word On The Street: Is Heard By All, But Only A Few Listen
Attribution status: As published

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A fool with a plan can outsmart a genius with no plan any day.

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Book Title – The Word On The Street: Is Heard By All, But Only A Few Listen – Get the book

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Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

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Book Title – The Word On The Street: Is Heard By All, But Only A Few Listen – Get the book

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I will stand up for what I believe and for what I have always believed: Every person has a right to be rich in this country and I want to help them get there.