Here's What Billionaire Bill Ackman Would Buy if He Were Just Getting Started With $1,000
Ackman looks for just three main things in a potential investment.
Overview
Bill Ackman is one of the most widely followed investment managers on Wall Street. He offers the chance to invest alongside him through Pershing Square's (NYSE: PS) funds, and he's also forthcoming with commentary on the fund's holdings and where he sees value in the market. He takes a long-term buy-and-hold approach to his investments, so investors can easily follow his best ideas based on his and Pershing Square's public disclosures.
In a recent interview, he explained what he would do if he were just getting started with $1,000 to invest. The strategy is simple and straightforward, and the same approach he takes with the billions of dollars he manages for Pershing Square. He says he looks for three particular criteria in a potential investment: low leverage, a business he likes and admires, and a business he wouldn't mind owning for the next decade.
Bill Ackman. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- Tesla's $99-a-Month FSD Plan Is on Pace to Generate $1.8 Billion a Year. Is This New Profit Lever a Signal to Buy the Elon Musk-Led Stock?
- If a Recession Is Coming, Here's How I'm Preparing My Portfolio
- If You'd Invested $10,000 in Microsoft the Day Satya Nadella Became CEO, Here's What You'd Have Now.