Bill Ackman on Investing, Harvard, and Lessons From Valeant | The Acquirer's Multiple®

Bill Ackman Says US Sitting On A $300 Billion Gold Mine With Freddie Mac And Fannie Mae—But 'The Government's Not Going To Give It Up' - Federal Home Loan (OTC:FMCC), Federal National Mortgage (OTC:FNMA)

Billionaire hedge fund manager Bill Ackman is once again highlighting what he sees as one of the Federal Government's most overlooked assets, its stake in mortgage finance giants, the Federal National Mortgage Association (OTCMKTS: FNMA) or Fannie Mae, and the Federal Home Loan Mortgage Corporation (OTCMKTS: FMCC), or Freddie Mac.

Bill Ackman on Investing, Harvard, and Lessons from Valeant | The Acquirer's Multiple®

In a revealing interview with Forbes, billionaire investor Bill Ackman shared his investment philosophy, career-defining challenges, and surprising views on higher education. Ackman’s approach centers on identifying “super durable companies” with irreplicable advantages. “The value of a financial asset is the present value of the cash it generates over its life,” he explains. His ideal targets operate like royalties: “Tim Hortons is a franchise …