Interviewer is so rude! I can't believe Bloomberg hired her. She interrupts him several times; for e.g. at 8:12. Bill had to give her the hand brakes (see 9:56) lol! Bill finally had had enough at 12:05 that he had to express his frustration at not being allowed to answer, He did it, of course, in his signature Ackman style. She didn't apologize once for her unprofessional behaviour.
13:19 Host: "Ok but that whole argument, we could have a whole other discussion about that whole argument..." Ackman: "Ok let's do it" Host: "Well...I have other things I'd rather talk about. Let's do it next time". LOL
He lays everything out so clearly, which I don't doubt went over her head. It's so weird how she's riding for ADP and their current board at the time. Is she that obtuse, or being payed by ADP? Ackman rattled off data points reasons why he knows he can make it better for 10 minutes. You don't go into someones wheel house where you have no experience, and start making claims with no merit.
She got utterly destroyed. Don't try to challenge Ackman unless you REALLY, i mean REALLY, know your shit. He's been going after ADP for a while now and it's not some JPM analyst... it's Bill Ackman and HIS team. Imagine the hours spent on research alone.
I can't believe that this buffoon (not to be confused with Buffett) still gets credit after the Herbalife and Valeant fiascos. Track record of Bill Assman 2015: -20.5%, 2016: -13.5% 2017: ? probably still down. If you let your money sit into a passive S&P 500 index, you would have had a compounded annual return which would have exceeded his portfolio by more than 13%, by basically doing NOTHING. His portfolio is an absolute joke. Schmuck.
6 years late, ADP controls global payment processing resulting in them holding a significant amount of funds in transit which they are allowed to hold and earn interest on, very high incremental margins on this earnings, though cyclical with interest rates.
@@wise5674 the total payroll of the US is about 10.5T and so with a googled 8% market share and having funds for 2.5 days in transit/able to earn interest, that’s 6B they are holding on average at any second. That’s just back of the envelope bad calculation but shows the size of this segment.
This guy should be in jail. Bill is a criminal. "Don't kill my father" you covid people. What a joke march 2020. But Bill you invested millions in the market today. lol Oh don't pay attention to that, I need my new flat/penthouse in NYC and had to approved by the city.
Interviewer is so rude! I can't believe Bloomberg hired her. She interrupts him several times; for e.g. at 8:12. Bill had to give her the hand brakes (see 9:56) lol! Bill finally had had enough at 12:05 that he had to express his frustration at not being allowed to answer, He did it, of course, in his signature Ackman style. She didn't apologize once for her unprofessional behaviour.
Their pace is off. She rushed the whole thing.
NOT t5$ oh bo
13:19
Host: "Ok but that whole argument, we could have a whole other discussion about that whole argument..."
Ackman: "Ok let's do it"
Host: "Well...I have other things I'd rather talk about. Let's do it next time".
LOL
RichReads 😁
The casual "okay" at the after she says that too lmao
He lays everything out so clearly, which I don't doubt went over her head. It's so weird how she's riding for ADP and their current board at the time. Is she that obtuse, or being payed by ADP? Ackman rattled off data points reasons why he knows he can make it better for 10 minutes. You don't go into someones wheel house where you have no experience, and start making claims with no merit.
I admire Bill’s confidence. I feel his confidence usually comes from good due diligence. Usually
16:41 "BITCH BE STILL"
She got utterly destroyed. Don't try to challenge Ackman unless you REALLY, i mean REALLY, know your shit. He's been going after ADP for a while now and it's not some JPM analyst... it's Bill Ackman and HIS team. Imagine the hours spent on research alone.
He read and took notes on tens of thousands of papers for MBIA. He definitely knows more about ADP than its own CEO does.
I can't believe that this buffoon (not to be confused with Buffett) still gets credit after the Herbalife and Valeant fiascos.
Track record of Bill Assman 2015: -20.5%, 2016: -13.5%
2017: ? probably still down.
If you let your money sit into a passive S&P 500 index, you would have had a compounded annual return which would have exceeded his portfolio by more than 13%, by basically doing NOTHING. His portfolio is an absolute joke. Schmuck.
i gotta applaud mr ackman guts and mind , he publicly state his intention and still in the case.
Bill Ackmann talking about Workday in Nov 2017, look them up now. Keep it real Bill
3 times she asked the same question with different wording. Good thing I wasn't there, I would've made my annoyance known.
I just love this guys intellect
What a terrible host
Bloomberg has the worst interviewers
She is a terrible interviewer! Bill was pretty clear with his responses
Bill is to smart for this rude host
13:21 love it
He is a great leader to benchmark.
He knows his shit for sure.....
Get er Bill. Work hard on ADP. May the Lord be with you on Herbalife though.
Anyone else find him really attractive?
yes he is attractive for an 52 years old men
A lot
Why does ADP benefit from rising interest rates?
6 years late, ADP controls global payment processing resulting in them holding a significant amount of funds in transit which they are allowed to hold and earn interest on, very high incremental margins on this earnings, though cyclical with interest rates.
@@blake6750 Wow, never thought they had that much money in transit but makes sense. Thanks!
@@wise5674 the total payroll of the US is about 10.5T and so with a googled 8% market share and having funds for 2.5 days in transit/able to earn interest, that’s 6B they are holding on average at any second. That’s just back of the envelope bad calculation but shows the size of this segment.
does ackman understand the ackermann function ?
She did a horrible job relaying this
TESLA-Toyota; Proton, Nissan.. Chevrolet, etc.
A autodrive car; for long distance
Respected the guy before.
Now I see him as a cry baby who did not get what he wanted.
This guy should be in jail. Bill is a criminal. "Don't kill my father" you covid people. What a joke march 2020. But Bill you invested millions in the market today. lol Oh don't pay attention to that, I need my new flat/penthouse in NYC and had to approved by the city.
ADP is a scam
Bill's got some serious brow problems
CHACE I think those brows deserve their own portfolio. It won’t be long until they become sentient.
No they frame his eyes really nice. He looks fine.