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Ackman has previously tried to pursue his dream of building a Berkshire copycat through a bet on real estate developer Howard Hughes Holdings (HHH). When he announced the play in a post on X last year, he described the deal as “a modern-day version of Berkshire.”
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"[The DOW's] position was, build the model however you want, refuse whatever requests you want, just don't try to govern our operational decisions through usage policies," wrote Mulligan.