326- Bill Ackmans Investing Checklist Part 3
b'William Albert Ackman is an American investor and hedge fund manager. He has a well-known 8-point investing checklist, which is straightforward and reflects the basic principles of Rule #1 Investing.\\n\\nThat checklist includes only investing in simple and predictable businesses with a dominant market position, limited risk, a strong balance sheet, excellent management, high return on capital, free cash flow generative, and large barriers to entry.\\n\\nSound familiar?\\n\\nThere\\u2019s a lot of talk in the financial community about \\u201cdiversification,\\u201d which simply means investing your money in a variety of ways in order to provide a safety net should one investment go south. The thing is, you don\\u2019t need to diversify if you know how to invest and understand what you are investing in.\\n\\nBy taking the time to research and learn about the companies you are investing in, you are providing your own safety net, because you won\\u2019t invest in any company that doesn\\u2019t meet the standards for a wonderful company, as it is defined in Rule #1 Investing. That is key.\\xa0\\n\\nThis week on InvestED, Phil and Danielle discuss Bill Ackman\\u2019s checklist more in-depth, and explain why you can\\u2019t blindly put your money in stocks chosen at random and expect to achieve great returns.\\n\\nIn order to succeed investing in the stock market, you have to use a system and a strategy. Learn how to find and pick quality stocks with this FREE Four Ms Guide: https://bit.ly/3krSdvB\\n\\nTopics discussed in this episode:\\n\\nBill Ackman\\n\\nValuation methods of investing\\n\\nRational investing\\n\\nTesla stock\\n\\nCoca-Cola stock\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'