“When I first started in business, I didn't know when it was time to move on. But I learned a lot about what I …”

“

When I first started in business, I didn't know when it was time to move on. But I learned a lot about what I call the return-on-invested-brain-damage calculation. If the return isn't high enough to justify the brain damage, I won't spend the time. Investing is one of the few things you can learn on your own.

— 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

Education #wisdom

Photo: Benh LIEU SONG (Flickr) · CC BY-SA 4.0 · source · Portrait: Senate Democrats (CC BY 2.0)

Reflect

What would patience look like in your portfolio this month?

The Sage Challenge

Review one recurring expense and decide to keep, cut or renegotiate it.

Join to journal, save & share Create a share image

Watch & listen

Best Advice: Warren Buffett and Charlie Munger | Fortune

Fortune Magazine·Wall Street

Featured in one of the Sage books

Warren's Wisdom - Warren Buffett

InvestigativInvestor·Wall Street

Featured in one of the Sage books

Warren Buffett, Chairman, Berkshire Hathaway Investment Group | Terry Leadership Speaker Series

Terry College of Business at the University of Georgia·Wall Street

Featured in one of the Sage books

More from Bill Ackman & related wisdom

Wall Street✓ Verified source

“

In fact, when we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.

— Warren Buffett

Letters to Shareholders (1957 - 2012), 1988 Chairman's Letter

Wall StreetAs published

“

The stock market is filled with individuals who know the price of everything, but the value of nothing.

— Philip Fisher

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

Wall StreetAs published

“

You can't wait for an opportunity to become obvious.

— Eddie Lampert

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

Wall StreetAs published

“

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.

— Jim Cramer

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

Wall Street✓ Verified source

“

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.

— John Maynard Keynes

John Maynard Keynes (1935) 'The General Theory of Employment, Interest and Money Book 4, Chapter 12, Section 5, p. 155.

Wall Street✓ Verified source

“

I just read and read and read. ... I have always enjoyed reading.

— Warren Buffett

Rules for success