Ackman’s Closed-End Fund Trades at a Steep Discount. Maybe It’s the High Fees.

Investor Bill Ackman recently highlighted market-beating 17% annualized returns generated by his Pershing Square Capital Management since 2004. But many investors in Ackman’s largest investment vehicl...

Wells Fargo Rally Shows Warren Buffett’s Mistake in Selling Big Stake in Bank

Text size Warren Buffett Drew Angerer/Getty Images One of Warren Buffett’s worst investment moves in an otherwise fabulous career was Berkshire Hathaway ‘s sale in 2020 of a big stake in Wells Fargo a...