Bill Ackman talks about what the recession-proof business is.

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What’s a recession-proof business?…(read more)

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Bill Ackman, a well-known hedge fund manager, recently spoke about what he considers to be a recession-proof business. A recession is a period of economic decline that typically lasts for at least six months. During a recession, many businesses struggle to survive due to decreased consumer spending and economic uncertainty. However, some businesses are better equipped to weather the storm than others.

So, what exactly is a recession-proof business? According to Ackman, it’s a company that provides a product or service that people need regardless of the economic climate. In other words, it’s a business that is essential to everyday life and not a luxury item.

One example that Ackman gave is the grocery industry. People need to eat, no matter what the economy is doing. Even during a recession, people will continue to buy groceries, albeit potentially at a lower price point. Other examples of recession-proof businesses may include healthcare, utilities, and telecommunications.

Ackman also noted that even within these industries, some companies are better positioned than others. For example, a grocery store that focuses on low-priced items may fare better during a recession than a high-end specialty food store. Similarly, a healthcare company that provides low-cost services may be better positioned than a company that focuses on elective procedures.

It’s worth noting that even recession-proof businesses can still experience challenges during an economic downturn. For example, a grocery store may struggle to keep up with demand if people start panic-buying, or if supply chains are disrupted. However, these challenges are typically less severe than those faced by businesses that rely on discretionary spending.

So, what can investors do if they want to invest in recession-proof businesses? Ackman suggests looking for companies with strong fundamentals and low debt levels. Additionally, he advises looking for businesses that are benefiting from long-term secular trends, such as demographic changes or changes in consumer behavior.

Overall, Ackman’s advice is sound. While no business is completely immune to economic downturns, some are better positioned than others to weather the storm. By focusing on businesses that are essential to everyday life and have strong fundamentals, investors may be able to minimize the impact of a recession on their portfolios.