As you know, Warren Buffett was scaring me with Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) selling airlines (almost at any price), banks, and raising debt when he was sitting on a stack of cash anyway. So much so, that I sold my Berkshire shares and bought Pershing Square (PSH) which was trading at a 30% discount to assets and had a large investment in Berkshire.

Warren Buffett is scaring me - Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B)
I hate to be the fool who bets against Warren Buffett, but his increased desire for cash has scared me over the past month. He has been: Selling bank stocks Selling airline stocks; and Raising debt (in Japan)

Here is an explanation of why I switched to Bill Akerman's Pershing Square

Buy great companies at 29.3% off their current prices - Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH)
Sounds like a con, doesn’t it. Read on, you will be surprised Before I tell you how, here are the companies we are talking about: Agilent $A, Berkshire Hathaway $BRK-B - Chipotle $CMG Fannie Mae $FNMA Freddie Mac $FMCC Hilton $HLT Howard Hughes $HHC Lowes $LOW Restaurant Brands $QSR Starbucks $SBUX

Pershing has since sold its stake in Berkshire

Bill Ackman Exits Investments in Berkshire Hathaway, Blackstone
(Bloomberg) -- Activist investor Bill Ackman said he has exited his investments in Warren Buffett’s Berkshire Hathaway Inc. as well as his recently acquired investments in the Blackstone Group Inc. and Park Hotels & Resorts Inc. Ackman’s Pershing Square Capital Management sold off Blackstone and Par…

and while I am still happy with my investment in Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) as it has risen 28% in price since I bought it, yet it remains at a 30% discount to it underlying asset value

Pershing Square Holdings, Ltd. Announces Transactions in Own Shares and Weekly Summary of Transactions in Own Shares
Regulatory News:Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) (“PSH”) today announced that it has purchased, through PSH’s agent, Jefferies International Limited (“Jefferies”), the following number of PSH’s Public Shares of no par value (ISIN Code: GG00BPFJTF46) (the

I really want to maintain my exposure to Berkshire Hathaway, so I am buying back in. By luck, Berkshire's share price has fallen since I sold - so I am buying in at a lower cost base.

Not investment advice

As always, this is not investment advice. Do your own research. Consult your professional advisors.