Warren Buffett is out of step with the markets. The S&P 500 returned 25% in 2024 and is up another 4% this year, but Berkshire Hathaway refuses to join the party and continues to be a net seller of stocks.

Fast forward half a century, Bill Ackman, the billionaire hedge fund manager behind Pershing Square Capital Management, is looking to replicate Buffett’s success by creating a “modern-day Berkshire Hathaway.

There aren't many money managers who can captivate the attention of professional and everyday investors like Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) billionaire CEO, Warr