Well, well, well, Billy Ackman with the quote of the day this morning: “We’re ultimately animals motivated by sex,” Ackman said this morning on CNBC’s “Squawk Box.” Andrew Ross Sorkin nearly tops him though, when he said, “So when you go after Canadian Pacific Railway you’re motivated by sex?”
Ackman, Pershing Square Capital Management founder & CEO, was talking about what he told a group of students about what motivates people. I’d say he’s forgetting greed and ego – both play big parts in trading stocks. Too many traders get greedy and too many traders let their emotions and ego get in the way.
Here are some stocks that are in Ackman’s sexually motivated portfolio: JC Penny (JCP), Canadian Pacific Railway (CP), Kraft Foods (KFT), Fortune Brands Home & Security (FBHS), Howard Hughes Corp. (HHC), Alexander & Baldwin (ALEX) and Family Dollar (FDO).