How Warren Buffett ‘Devotee’ Bill Ackman Is Pursuing a Favorite Strategy of Berkshire Hathaway

Bill Ackman, politically outspoken founder and CEO of the hedge fund Pershing Square Capital Management, cribbed a page from ...

Warren Buffett: Cash is necessary 'like oxygen'—but it's 'not a good asset'

By the time Warren Buffett stepped down as Berkshire Hathaway CEO, the company held a record amount of cash while he hunted for attractive deals.