Bill Ackman Says Warren Buffett Told Him ‘I Haven’t Had Water in 48 Years’ — His Cherry Coke Habit Now Pays Berkshire $848 Million a Year

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Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Still or sparkling? At one billionaire's dinner table, the right answer turned out to be neither. Years ago, Pershing Square Inc. CEO Bill Ackman hosted then-Berkshire Hathaway Inc. chief Warren Buffett at his home. Ackman made sure Cherry Coke was on hand before his guest arrived, then offered water anyway. Buffett passed and asked for a Coke. "But I said, you know, 'Don't you drink water?'" Ackman recalled on the "Equity Mates Investing" podcast released on Oct. 28. "And he said, 'Bill, I haven't had water in 48 years.'" Don't Miss: A single bad hire can set a startup back years.