In his latest 2020 Pershing Square Holdings Annual Report, Bill Ackman stresses LON:PSH is not a conglomerate like Berkshire Hathaway. Here’s an excerpt from the letter: Q4 2020 hedge fund letters, conferences and more PSH Is Not A Conglomerate Like Berkshire In this year’s Berkshire Hathaway annual letter, Warren Buffett writes about the “terrible reputation” […]