Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

“We want to buy the best businesses in the world,” he said.

“The short version of the principles are own the best, super-durable companies you can find with conservative balance sheets,” Ackman said. “Buy them at attractive prices, and use our influence to make sure they’re managed and governed correctly. That’s it, pretty simple.”

It’s a tactic that appears to have worked: According to financial services publication Seeking Alpha, Pershing Square has outperformed the S&P 500 over the past 20 years, growing its investments at an annual rate of 16.1%.

https://finance.yahoo.com/news/hedge-fund-billionaire-bill-ackman-160430163.html