This is a great video in which you can learn the basics of business, companies, finance, and money in just 45 minutes. This is all you need to know about the corporate world. You will see how companies raise capital to start their operations and how they use that cash to make a profit. You will see here what happens to money, once it gets into a corporation. The video will also teach you how exactly financial reports are made, you will learn to understand some basic accounting principles and reports as income statements, balance sheets, and cash flow reports. You will see why such things as stock markets exist and how exactly they work. In two words, if you are new to business and finance and you are eager to learn the basics, this video is exactly for you. It’s really cool. Your lecturer will be William Ackman who is a famous American investor with many years of experience in the field. He has founded his own hedge fund – Pershing Square Capital Management LP and he is currently the CEO there. Bill shares his knowledge in a simple and understandable way, so it might be really easy even for a dummy to get it. So, enough reading, now time for watching, here is the video. Don’t forget to share this post if you think it’s cool, too.
Who Is Bill Ackman
Ackman has a B.A. from Harvard College and a MBA from Harvard Business School. After working at his father’s real estate business, he went on to form Gotham Partners, a hedge fund. This fund, established in 1992 and funded with a $3 million investment, was eventually shut down and investors cashed out a decade later with a sevenfold return (adjusted for inflation) on their original investments.
From there, he went on to form Pershing Square Capital Management, a hedge fund focusing on “long-term value investments” that become heavily involved in public market investments. These are often described as “activist” investments and refer to transactions wherein Ackman acquires a long position in a company and then pushes for positive changes within the company, such as CEO changes and buyouts.
Ackman has been an integral part of significant transactions such as the leveraged buyout of Harrah’s Entertainment, the sale of General Growth Properties to Brookfield Asset Management, and the spin-off of Howard Hughes Corp from General Growth properties.
Ackman is an active philanthropist and has contributed to a variety of causes, including education and animal charities. He is a life member of the Council on Foreign Relations and has appeared on CBS’ 60 Minutes as well as CNBC’s Squawk Box, where he has discussed his investing strategies and outcomes.
Throughout his career, Ackman has earned a reputation for being an unconventional and aggressive investor who is not shy in letting the public know of his positions. However, despite his strong opinionated style, his track record with investments has been very successful. With his strong focus on value investing and long-term strategies, Bill Ackman is highly recognized as one of the most successful value investors of the 21st century.
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