Bill Ackman slammed Warren Buffett's investment in Coca-Cola
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.
Below are some tweets of his comments:
Ackman: Charlie Munger said Valeant is a deeply immoral company. I would argue that Coca Cola does enormous damage to society. $vrx $ko
- crowdturtle (@crowdturtle) November 11, 2015
Ackman: a key business Berkshire owns is Coca Cola. Coke's business philosophy is to displace the water children consume with sugar water.
- crowdturtle (@crowdturtle) November 11, 2015
Ackman: there is no disclaimer on a Coke can on the harm it can cause. Promoting sugar water to society is damaging. ??
- crowdturtle (@crowdturtle) November 11, 2015
Ackman: I don't think Buffett has had water since the 1950s. Ackman is so savage sometimes.
- crowdturtle (@crowdturtle) November 11, 2015
To be fair, Ackman owns Restaurant Brands International, the parent company of Burger King and Tim Hortons. He also owns Mondelez, the maker of Oreo cookies.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance