Hedge Fund Manager William Ackman’s keys to successful investing

William 'Bill' Ackman, Hedge Fund Manager

William “Bill” Ackman, the founder and CEO of New York-based hedge fund Pershing Square Capital Management, recorded the following video on “Everything You Need to Know About Finance and Investing in Under an Hour.” Here are his nine keys to successful investing.

Bill Ackman is also the subject of the book “Confidence Game” by Christine S. Richard. The book explains how Bill Ackman used credit derivatives to short municipal bond insurer MBIA.

  1. Invest in public companies
  2. Understand how the companies make money
  3. Invest at a reasonable price to get a good return
  4. Invest in a business that “lasts forever”
  5. Find a company with limited debt
  6. Look for a business with high barriers to entry
  7. Invest in a company immune to extrinsic factors
  8. Invest in a company with low re-investment costs
  9. Avoid businesses with controlling shareholders

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