Billionaire Bill Ackman May Be the Next Warren Buffett -- 30% of His Portfolio Is Invested in 2 Brilliant AI Stocks

Warren Buffett took control of Berkshire Hathaway in 1965 and promptly turned the "doomed" textile mill into a holding company focused on insurance. That decision created a steady stream of investable cash in the form of insurance premiums, and Buffett used that capital to build Berkshire into a trillion-dollar company through savvy acquisitions and stock purchases.Billionaire Bill Ackman hopes to emulate that success with Howard Hughes. He already owns about 47% of the holding company through his hedge fund, Pershing Square, and plans to use it as an investment vehicle to build a "modern-day Berkshire Hathaway." That is rather ambitious, but Ackman has a good track record. Pershing Square beat the S&P 500 in the last five years.Currently, Ackman has 30% of his hedge fund invested in two brilliant artificial intelligence (AI) stocks. Amazon (NASDAQ: AMZN) is the fund's fourth-largest holding at 9% of the portfolio, and Uber Technologies (NYSE: UBER) is the largest holding at 21% of the portfolio. Here's what investors should know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool