Billionaire Investor Bill Ackman Just Went All In on This Stock. Should You Follow Suit?

Billionaire investor Bill Ackman made a splash in the first quarter when he took a new position in ride-share company Uber Technologies (NYSE: UBER), making it his largest holding in the process. The position is now worth about $2.2 billion and represents about 18.5% of his portfolio.A value investor who runs a concentrated portfolio, Ackman generally takes a long-term approach. He has explored replicating the Warren Buffett-Berkshire Hathaway model through an acquisition of real estate company Howard Hughes, although his overtures have thus far been rejected.Ackman has called Uber "one of the best-managed and highest quality businesses in the world," and the company has done a great job becoming a profitable and strong free cash flow-generating machine. This is something that many thought was unlikely several years ago. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool