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Borsgade
Julia La Roche is visited by investor and Portfolio Manager Bill Ackman from Pershing Square, where they discuss, among other things, his simple formula for investing in excellent companies.
Here, Ackman unveils his “Commandments” in reference to Moses’ Ten Commandments. Just in the investment world. After elaborating on it, he sums them up as follows:
So, the short version of the principles are, own the best, super-durable growth companies you can find with conservative balance sheets. Buy them at attractive prices, and use our influence to make sure they’re managed and governed correctly. That’s it. It’s pretty simple. Stay away from shorting stocks, avoid commodity-sensitive industries, and you do great.
Investing is very simple. Where there’s a part of investing that’s quite simple. Just buy great businesses and own them as long as possible.
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