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Quote by Bill Ackman

“As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?”

Quote by Bill Ackman

Author

Bill Ackman, born on May 11, 1966, is a renowned American hedge fund manager. He is known for his unique investment strategies and bold market predictions, serving as the co-founder and CEO of Pershing Square Capital Management. more

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