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Bill Ackman slammed Warren Buffett's investment in Coca-Cola
Bill Ackman slammed Warren Buffett's investment in Coca-Cola
Julia La RocheNov 11, 2015, 21:51 IST
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Activist investor Bill Ackman threw some serious shade at Charlie Munger on Wednesday at the Berkshire Hathaway 50th Anniversary Symposium in New York after some comments the Berkshire executive made recently about Valeant Pharmaceuticals.
Munger, who is vice-chairman at Berkshire Hathaway, has made it clear that he's not a fan of Valeant.
He has called the Canadian drug company's strategy of acquiring drugs and raising the prices "deeply immoral."
Ackman, who has lost more than $2 billion on Valeant this year, used the symposium as an opportunity to criticize Berkshire Hathaway's investment in Coca-Cola.