This is an audio transcript of the FT News Briefing podcast episode: ‘Can Bill Ackman create a Berkshire Hathaway rival?’ Marc Filippino Good morning from the Financial Times. Today is Friday, May ...

Billy Ackman wants to be Warren Buffett so bad. That’s the pitch. That’s the ambition. And that’s the problem.

Nevertheless, Mr Rumsfeld arranged for the Iraqis to receive billions of pounds in loans to buy weapons and CIA Director William Casey used a Chilean front company to supply Iraq with cluster bombs.