William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour | Big Think
Why Hacker News recommends it
HN recommends it to beginners as a quick, clear overview of finance and investing fundamentals.
What it is
A Big Think talk in which hedge-fund manager William Ackman goes through the basics of finance and investing in under an hour. It is pitched as a crash course on the most important concepts.
Recommended by 3 HN commenters across 3 different months, 2015 to 2020.
What Hacker News said
Strong rec amix · 2020-07 · on “Ask HN: What are some good resources to learn business administration/finance?”
William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour [this video] — An excellent crash course for the most critical concepts.
Recommends kleer001 · 2015-08 · on “Ask HN: Do you day trade in stock market? What are your investing strategies?”
tl;dr Know what you're buying, know your risk threshold, hold it as long as you can, invest frequently. It's going to sound like a stale and naive quip but buy low and sell high. I look for deals. Sometimes that's an IPO with a nice finance sheet. Sometimes it's a huge correction on a popular mega-corporation. Weather you're a value investor or a growth investor the goal is profit, right? What works for me is knowing what I'm investing in. I'm familiar with the products or services. It's a fun topic. There's lots to read out there. Sturgeons Law holds in full effect. 90% of all of it is total crap. All you need is probably at your local library. Here's some homework. Look up these terms: dea
Recommends ipnon · 2020-04 · on “Ask HN: What are you reading to make sense of the economy?”
A great follow up in the "New York billionaires explain basics of the economy" curriculum: William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour | Big Think [0] Covers the money making, Wall Street side [0] [this video]