Bill Ackman likely lost more money on Buffett, Berkshire than anyone - Business Insider

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Billionaire investor Bill Ackman likely lost more money on Warren Buffett's Berkshire Hathaway than 'anyone in the world'

Billionaire investor Bill Ackman stomached a 10% loss on his investment in Warren Buffett's Berkshire Hathaway.Bill Ackman discussed his loss-making investment in Warren Buffett's Berkshire Hathaway during a virtual speech at the Sohn Hearts and Minds conference this week,"We have probably lost more money in Berkshire than anyone in the world," the billionaire investor and Pershing Square chief said.

Pershing Square invested in Buffett's company in the second quarter of 2019, held a $1 billion stake at the end of March, and sold the entire position by May. Ackman and his team exited Berkshire partly because they were "expecting Buffett to be super aggressive as markets came in, and we were surprised that he was not more so," he said.

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