Bill Ackman likens three overlooked stocks to “buying Berkshire Hathaway in 2000,” sparking debate on whether value can outlast tech momentum

A June 24 article syndicated via Yahoo Finance reported that investor Bill Ackman suggested three stocks could be understood as a long-duration bet similar in spirit to buying Berkshire Hathaway around 2000. The premise, as described in the post, is that some businesses with less fashionable narratives may still offer the kind of steady compounding investors associate with Berkshire’s approach.

The article’s framing contrasts market attention today, where high-growth technology narratives have recently dominated investor focus, with an argument that “old-fashioned” tech businesses can still deliver fundamental strength. In that view, short-term pricing swings or changes in market taste do not necessarily negate long-term earnings power.

While the headline and description emphasize the Berkshire analogy, the materials available here do not include the specific names of the three stocks or the article’s detailed valuation or business-model reasoning. As a result, it is not possible in this write-up to attribute particular claims about each company’s finances, growth trajectory, or risks beyond what the post’s headline and summary convey.

Berkshire Hathaway itself is widely known as an investment holding company that pairs operating companies with an insurance engine. Investors often describe Berkshire as a “two-part” structure: a portfolio-style approach to capital allocation plus a set of cash-generative businesses. That structure is part of why the comparison resonates. In the Berkshire analogy, the market is not buying a single product story, but a platform for compounding.

Ackman’s broader investing posture has generally favored concentrated positions and a focus on business quality, capital discipline, and long-term outcomes. The June 24 commentary appears to apply that mindset to the current market cycle by urging investors to look past what is currently most visible or most widely discussed.

If the three stocks cited in the post are indeed “old-fashioned” technology companies, the debate highlighted by the article likely centers on whether the market’s reassessment of tech leadership could create mispricing opportunities for businesses with clearer cash-flow paths than newer, more narrative-driven segments.

What remains unclear from the information available here is how the article supported the Berkshire analogy in concrete terms. The supporting items that would normally help readers evaluate such a claim include each stock’s time horizon assumptions, how the writer characterizes the durability of competitive advantages, and whether any valuation metrics were provided. Those specifics are not present in the materials used for this draft.

The next question for markets is whether Wall Street’s rotation toward or away from value and established business models continues to gather momentum. If the three companies discussed by Ackman show investor attention shifting in response, their price action could become a proxy for how seriously the market is taking “Berkshire-like” compounding arguments. Conversely, if momentum remains tilted toward growth narratives, the comparison may remain more rhetorical than catalytic.