Billionaire Bill Ackman May Be the Next Warren Buffett -- 2 AI Stocks Make Up 39% of His Portfolio (Hint: One Just Partnered With Nvidia)

Warren Buffett assumed control of Berkshire Hathaway in 1965. He quickly diversified beyond the core textile business to build a holding company that now owns dozens of subsidiaries. Berkshire shares have returned 20% annually under his leadership.Billionaire Bill Ackman wants to recreate that success with Howard Hughes Holdings. He explained his plan to create a "modern Berkshire Hathaway" at the annual shareholder meeting earlier this year. Whether Ackman realizes that ambitious goal and becomes the next Warren Buffett remains to be seen, but he has a good track record.His hedge fund, Pershing Square, beat the S&P 500 (SNPINDEX: ^GSPC) by 24 points over the last decade. That makes Ackman a good source of inspiration, and as of the third quarter, 39% of his portfolio was split between two artificial intelligence (AI) stocks: 19% in Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and 20% in Uber Technologies (NYSE: UBER).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool