Bill Ackman: 8 Rules That Made Me BILLIONS (MUST LEARN)

 April 10, 2021

Here is the link. 

1. Invest in simple and predictable businesses
2. Free cash flows
3. Dominant market position
4. Large barriers to entry for new potential competitors to enter
5. High return on capital 
6. Limited exposure to non-controllable extrinsic risks
7. Strong balance sheet where outside capital is not necessary
8. Excellent management and good governance.