Bill Ackman Quotes

Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.

Diversification is protection against ignorance. It makes little sense if you know what you are doing.

Risk can be greatly reduced by concentrating on only a few holdings.

The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability; but to improve this easily attainable standard requires much application and more than a trace of wisdom. If you merely try to bring just a little extra knowledge and cleverness to bear upon your investment program, instead of realizing a little better than normal results, you may well find that you have done worse.

Index investing outperforms active management year after year.

Wide diversification is only required when investors do not understand what they are doing.

I like to invest in companies where I can really add value from my experience, network, etc., so checking out my portfolio of other investments, and my background, will generally give some guidance there.

Investors should invest on what they know. The biggest mistake is to invest on what they don't know.

The beauty of diversification is it's about as close as you can get to a free lunch in investing.

Having different types of stocks in your portfolio can enhance returns.

I'm making a case against how money managers are handling customers' money. The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that's not the way wealth is created.

If the investor doesn't have enough time and skill to investigate individual stocks or enough money to diversify a portfolio, the right thing to do is to invest in exchange-traded funds that give you exposure to asset classes. It does make sense for the individual investor to think in terms of holding individual asset classes.

One should have a wide variety of assets in one's portfolio. And oil, by the way, is a particularly important asset to have in one's portfolio because we need it, and the economy thrives on it.

We think that excellence in investing comes from focus.

The problem that people don't understand is that active managers, almost by definition, have to be poorly diversified. Otherwise, they're not really active. They have to make bets. What that means is there's a huge dispersion of outcomes that are totally consistent with just chance. There's no skill involved it. It's just good luck or bad luck.

Children should be taught in school that you should have all kinds of asset classes in your portfolio. They should be taught what those asset classes are, and their advantages and disadvantages.

You've always got to think about having some fixed income in your portfolio as well as equities.

Diversify, because that helps reduce risk. And you can diversify outside the United States. Some people would never invest in Europe - I think that's a mistake.

I haven't changed any of my investments since I've been in the Senate and haven't purchased any stocks since I've been in the Senate.

Successful investing is all about common sense.

I think it is crucial to diversify one's portfolio.

As in most subjects relating to money management, there's a wide diversity of opinion on portfolio concentration versus diversification.

Good investors have to choose how to allocate their mind share with the precious capital they have.

Well, the most important thing in investing is to know what you're investing in, and if you're confident in the outcome, it's important to stay true to your position.

Diversification is an established tenet of conservative investment.