Billionaire U.S. investor William Ackman has long described how Warren Buffett, ...
But Ackman is unlikely to offer suggestions or work behind the scenes to persuade the 88-year old Buffett, Berkshire Hathaway’s founder and leader, to change direction.
At first blush, the investment might seem odd, as Berkshire Hathaway ranks among the world’s best known stocks - one that parents often bestow as graduation gifts, designed to hold onto for a lifetime. Two Pershing investors Reuters spoke to grumbled that they would pay hedge fund-like fees for a name everyone knows.
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