In todays world with a suplus of information available, it is very easy for people to get overwhelmed on the topic of investing.
Through time not much has really changed. The fundementals of how a business operates hasn't changed.
Famous hedge fund investor Bill Ackman has taken some time to put in lamens terms how business and investing works. As he says in the video, its not "everything you need to know" but it is enough to get started.
For more on Bill Ackman check out his blog.
Some quotes by Ackman.
“The investment business is about being confident enough to know that you’re right and everyone else is wrong. Yet you have to be humble enough that you recognize when you’ve made a mistake. Earlier in my career, I think I had the confidence part pretty solid. But the humbleness part I had to learn.’’
“When you go through something like the financial crisis, it makes a psychological imprint on you. It becomes hard to interpret information in a way that is positive. I’m emotionally very neutral about economic things. That’s why I can look at them objectively.”
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