Investment Thesis
I have recently listened to Bill Ackman's interview, where he describes the eight criteria for investment success that sits on his staff's desk. When he invests, he is looking for the following criteria: simple and predictable business, free cash flow generative, dominant market position, large barriers to entry, high return on capital, limited exposure to extrinsic risks the company can't control, strong balance sheet and don't need access to outside capital to survive, excellent management and good governance.
When I think about a company that meets the above criteria, the first name