After getting his ass handed to him thus far in his Target (TGT) position, Ackman had these instrospective words of wisdom which we wanted to share as they can be applied to any investor in the world. Ackman said,
“The investment business is about being confident enough to know that you’re right and everyone else is wrong. Yet you have to be humble enough that you recognize when you’ve made a mistake. Earlier in my career, I think I had the confidence part pretty solid. But the humbleness part I had to learn.’’
Friday, April 24, 2009
Bill Ackman Quote (Pershing Square Capital)
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