Bill Ackman slammed Warren Buffett's investment in Coca-Cola
(Rick Wilking/Reuters)
Activist investor Bill Ackman threw some serious shade at Charlie Munger on Wednesday at the Berkshire Hathaway 50th Anniversary Symposium in New York after some comments the Berkshire executive made recently about Valeant Pharmaceuticals.
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.
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