InvestED: The Rule #1 Investing Podcast 429- FROM THE VAULT: Bill Ackman’s Investing Checklist Part 2
Aug 1, 2023
Bill Ackman, known for his straightforward checklist approach to investing, discusses the importance of simplicity and humility in investing, the power structures of corporate governance, and the value of staying pessimistic in investing. The podcast also explores characteristics of a successful business according to Bill Ackman's checklist and the evaluation of a company's checkpoints and management list.
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Skiing vs. Snowboarding
- Danielle explains how skiing has adopted snowboarding techniques, like shorter, fatter skis.
- This has made skiing more versatile and led to fewer people snowboarding.
Investing as Snowboarding
- Investing, like snowboarding, has a steep learning curve but can be learned quickly with good instruction.
- Both require patience, discipline, and avoiding shortcuts.
Fast Learning
- Phil's stepson learned to snowboard expertly in just five days with dedicated practice.
- Similarly, focused learning can accelerate investing expertise.