428- FROM THE VAULT: Bill Ackman’s Investing Checklist Part 1

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 25 July 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bill Ackman serves as an invaluable source of learning for aspiring investors. Despite some deviations from the conventional value investing checklist, his approach remarkably aligns with the fundamental principles of Rule #1 investing. Central to his strategy is the belief that exceptional companies boast simplicity and predictability, alongside a dominant market position and a limited exposure to intrinsic risk. By studying Ackman's successful investment strategies, one can glean invaluable insights into the world of finance, making it a compelling learning opportunity for investors of all levels. In this week’s episode from the InvestED Vault, Phil delves deeply into Ackman's checklist, shedding light on its nuances and exploring why he himself has embraced this distinctive style of investing. For further tips to boost your value investing IQ, click here to get your copy of Phil’s Value Investing Cheat Sheet: https://bit.ly/3QeCCje Topics Discussed: Danielle’s recent travels and related recommendations Staying focused when broadening your investing practice Ackman’s checklist compared to Munger’s Common pitfalls for amateur investors Understanding your investments Barriers to entry Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
0:03.0	That's what I hear when I make another sale on Shopify.
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0:12.0	Shopify is revolutionising millions of businesses worldwide.
0:17.0	So sign up for a £1 per month trial period at Shopify.co.uk
0:23.0	Ask podcast 23 all lowercase and take your business to the next level today.
0:30.0	Hi everybody and welcome to invested. I'm Danielle Town.
0:43.0	Oh my god, we are recovering from this trip that we went on.
0:48.0	I cannot wait to tell you guys about it.
0:51.0	I thought that, you know how we are. We thought we'd have so much time, right?
0:55.0	The fill town so much time. There's nothing to do. So much time. We would do podcasts.
1:00.0	No. We were busy from Don Tildesque. I somehow made it through. It was amazing.
1:07.0	I'm going to write some emails to everybody on my list. It's going to, I'm just thrilled at what I was able to do.
1:14.0	So that's really good personally and it was great for the two of us and for our family.
1:19.0	We went to Ireland and Iceland and what I'm going to do here is put up an old one for you today
1:27.0	because thoroughly unprepared, recovering.
1:32.0	Then I'm going to look at all the emails you all sent. Thank you for those.
1:37.0	And pick out a couple of companies from each country, Iceland and Ireland.
1:43.0	And next week I will let you guys know which ones if you want to do your own research to look at.
1:50.0	And then we can talk about them after that and in our trip and talk about investing while traveling.
1:56.0	So I hope you guys are having some fun summer adventures.
2:00.0	I hope you're discovering that investing is everywhere that you go.
	...

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