Quality at a Fair Price
"The ideal investment is a high-quality business purchased at a fair price. Quality compounds wealth; fair prices protect capital."
Seek quality businesses at fair prices.
Read Full Analysis →William Albert Ackman (born May 11, 1966) is an American billionaire investor and hedge fund manager. He is the founder and CEO of Pershing Square Capital Management, a hedge fund managing over $10 billion in assets known for its activist investing approach. Ackman gained fame for his highly public investment campaigns, including successful bets on companies like Chipotle and Canadian...
"The ideal investment is a high-quality business purchased at a fair price. Quality compounds wealth; fair prices protect capital."
Seek quality businesses at fair prices.
Read Full Analysis →"Never invest in a business you cannot explain in simple terms. If you can't describe why a company is valuable, you don't understand it well enough to own it."
Only invest in what you can explain simply.
Read Full Analysis →"Look for investments where a specific catalyst will unlock value. Without a catalyst, even cheap stocks can remain undervalued indefinitely."
Identify specific catalysts that will unlock value.
Read Full Analysis →Bill Ackman has 3 key principles on stock picking. The most important one is "Quality at a Fair Price" — The ideal investment is a high-quality business purchased at a fair price.
Bill Ackman applies stock picking through several key principles including "Quality at a Fair Price" and "Understand Before Investing". These principles guide practical investment decisions and have been tested across decades of market cycles.
Bill Ackman's approach to stock picking is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, Bill Ackman provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.