FJ Research

FJ Research

The Illusion of Alignment: Why I’m Skeptical of Bill Ackman’s Berkshire 2.0

FJ Research's avatar
FJ Research
May 09, 2025
∙ Paid

There’s a neighborhood in New York that tells you more about a stock than any investor presentation ever could. It’s where old ambition collides with new capital, where cranes crowd the skyline and a familiar name reappears on development signs: Howard Hughes Holdings.

This company, now trading under the ticker HHH, has become the canvas for Bill Ackman’…

User's avatar

Continue reading this post for free, courtesy of FJ Research.

Or purchase a paid subscription.
© 2026 FJ Research · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture