Billionaire investor Bill Ackman warned of inflation, discussed bitcoin, and explained why he’s staying in New York City in a recent interview. Here are his 12 best quotes.

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Billionaire investor Bill Ackman warned of inflation, discussed bitcoin, and explained why he’s staying in New York City in a recent interview. Here are his 12 best quotes.

Billionaire investor Bill Ackman warned inflation may not be temporary and said the Federal Reserve may have to raise interest rates in a Wednesday interview at the The Pershing Square Capital Management founder also revealed that his fund recently purchased a 6% stake in sending the shares up as high as 5.9% Wednesday. 1. "We've admired it for years, and it was just never cheap enough. And then for about five minutes, it got cheap. I don't know who sold or why, but we started buying around $330 a share, and then very quickly it moved up a lot," 2. "The surprise numbers that came out are not due to any weakness in the economy. The economy is crushing it. Businesses are booming. If you think about hospitality, you can't get a reservation in New York anymore," 3. "There are plenty of jobs, people haven't had to work partially because of the stimulus...When unemployment benefits step back and some of the stimulus wears off, there will be more of a supply of labor." He added that raising wages is good for workers and the economy because workers will spend money. 4. "They've got a great product, a great value where

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