Trade Note: Can a Buffett Wannabe Make it Work?

Bill Ackman got some fortunate timing with his “I’m gonna build the next Berkshire Hathaway” deal closing on Monday — Pershing Square finally took control of Howard Hughes (HHH), sort of as planned a few months ago but with, I’d say, a less-ugly compensation structure than Ackman had originally proposed, and a more generous offer. […]