Bill Ackman: One of My Best Buys Ever Took 4 Hours of Research [VIDEO]

Bill AckmanBill Ackman Photo via InsiderMonkey, Flickr (CC BY-ND 2.0)

Bill Ackman: One of My Best Buys Ever Took 4 Hours of Research [VIDEO]

Bill Ackman tells Reuters Impact Players host Robert Wolf that while he can take months to painstakingly vet a company before taking a position, one of his best investments took only four hours of research in the midst of the financial crisis. Bill Ackman also said his public bet against Herbalife was bound to stir controversy, but he was surprised so many in the hedge fund world tried to put a “short squeeze” against him. With regards to JCP, Ackman says CEO Ron Johnson’s tenure at JCPenney is “something very close to a disaster” .

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