Subject: Re: O/t, Ackman to follow the Buffett model?
“This ain't no "Modern Day Berkshire" with its 1.5% management fees to be paid to Ackman's management company.”

Interesting story, but I’ll pass based on their fees, their inconsistency of returns, and it’s a helluva lot harder to build a modern day Berkshire. I did invest a small amount into the Pershing SPAC when it was hyped to have a sizable interest in Universal Music but it never materialized. Would rather keep Berkshire any day given the proven structure, track record and Zero fees.