India, May 21 -- Billionaire Bill Ackman's history with investments has spelled the word success for a long time. It is quite similar to the undertaken journey by Warren Buffett, who took control of Berkshire Hathaway in 1965 and turned the company into a holding company, using various diversifying means.

Ackman may want to recreate Berkshire's trillion-dollar success with Howard Hughes Holdings, something that could be considered as the "modern day Berkshire Hathaway", according to The Motley Fool. Purchasing controlling interest in thriving companies is one of the major fortes of Howard Hughes Holdings, taking a leaf out of the Hathaway success playbook.

Ackman's hedge fund, Pershing Square Capital, already had $1.4 billion invested i...