Billionaire Bill Ackman Wants to Be the Next Warren Buffett -- He Has 45% of His Hedge Fund's $14 Billion Portfolio Invested in Just 3 Brilliant Stocks

There's a strong argument that legendary Berkshire Hathaway CEO Warren Buffett has no equal. The so-called "Oracle of Omaha" employed a novel strategy that fueled his success. He focused on acquiring successful insurance businesses and investing their generous cash flow in undervalued stocks and entire companies. Since taking the reins at Berkshire in 1965, Buffett's stock picks have generated compounded annual gains of roughly 20% and have collectively soared 5,502,284%.Billionaire Bill Ackman's investing success is already well established, and now he's taking a page from Buffett's playbook. His Pershing Square Capital hedge fund invested $900 million in newly minted shares of Howard Hughes Holdings, giving it a 47% stake in the company, with plans to turn it into a "modern-day Berkshire Hathaway," according to Ackman. He also plans to acquire a "diversified property casualty insurance company" to generate cash flow. Sound familiar?Like Buffett, Ackman is a value investor at heart. However, the billionaire doesn't shy away from cutting-edge technology, including artificial intelligence (AI). To that end, Ackman has 45% of Pershing Square's $14 billion portfolio invested in three leading technology stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool