DAILY WALL STREET WISDOM · #087
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“I look for simple businesses with consistent earning power and a durable competitive advantage.”
🇺🇸Bill Ackman
CEO, Pershing Square Capital
WHO SAID IT
🇺🇸 Bill Ackman
CEO, Pershing Square Capital
WHAT IT MEANS
Complexity is the enemy of understanding. The best investments are often businesses simple enough to analyze with confidence, generating reliable cash flows protected by strong moats against competition.
fundamentals