Bill Ackman talks about some of his portfolio activity and his take on the economy.
“We own businesses that are extremely economically resilient…they’ll be affected by the economy and won’t do as well if the economy doesn’t do well…but if you pay the right price you can still be a very successful investor even if the economy is not as strong as people expect…so we’re not macro investors at all, but I’m more bullish than most on the economy.”
Monday, January 25, 2010
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