Bill Ackman

Experience is making mistakes and learning from them. ”

Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical. ”

I'm an extremely, extremely persistent person. Extremely. And when I believe I am right, and it is important, I will go to the end of the earth. ”

If I believe that I am right, I will take it to the end of the earth until I am proven right. ”

I was a little bit of a cocky kid. ”

I think good private equity investors create a lot more economic value than they destroy. ”

I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management, change in strategy, change in cost structure, capital structure. ”

I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts. ”

I love what I do. I don't do it for the money. I work on behalf of investors that I like and want to do well for. I'm a competitive person. ”

Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud. ”