Fannie Mae-No Politics (FNMA)

[Hvp123]

Ackman hopes to be known for creating value
Bill has an innate self-confidence that is a force of nature
Always energetic
I was a pretty confident kid
I wanted to be successful
But that doesn’t stop him from doing his job with laser-like focus
Bill was a hell of a salesman. He was very smart, very persuasive, and he was a very savvy businessman even as a teenager
He clearly had a passion for business and investing at a young age.
There is no doubt he was at the top of the experience curve at a young age
I wanted to be able to say what I wanted to say.
I wanted to be able to do whatever I wanted to do.
From the time I started investing, I have always been a fixer
I was overwhelmed by the energy with which he tore into this terribly messy situation, how he came back within days having done more research than I had ever imagined was feasible.
I was struck by his hunger and imagination
Bill, even at that age, was staggeringly brave and ambitious, coming up with far more lucrative plans
Maybe its his can-do attitude
When he takes a large stake in a Co Bill does tremendous due diligence and his eyes sees what others don’t see. That is mark of a genius.
Bill can’t help himself but to take charge when he is in a meeting, not bcoz of ego but bcoz he enthusiastically sees the opportunity to make a difference
Bill offers creative ideas and he makes thoughtful, wise decisions
By the end of the day, Bill takes action and get the job done and thats why people listen to him
Ackman is not shy about asking tough questions and offering his own insights and suggestions just as he does with his portfolio Cos
A unique ability is Ackman to sniff out inconsistencies and remodel Cos
The real genius of Ackman is he is able to analyze Cos better than the Cos can themselves & he is restricted to whatever info is in the public domain
He creates value in a way no other manager can
Ackman personal goal is to have one of the best investment records of all time

This is not a black-box strategy. With most of our investments we share our thesis about whats going to happen

https://www.amazon.com/Alpha-Masters-Unlocking-Genius-Worlds/dp/1118065522/ref=nodl_?dplnkId=6d382ee2-9425-45c8-b790-38ac17bbde4d