Bill Ackman's Not Saying Warren Buffett Is An Unconscionable Monster For Owning Coke...

But he's not NOT saying it.

The Pershing Square chief and “Baby Buffett” is celebrating the Oracle’s half-century at Berkshire’s (NYSE: BRK-B) helm with the observation: “We own a big chunk of an immoral company. Warren does, too!”

“Coca-Cola (NASD: COKE) has probably done more to create obesity and diabetes on a global basis than any other company in the world,” Mr. Ackman said. The company, he said, has “displaced the water that children and adults consume with sugar water….”

“I have a problem with Berkshire’s ownership of Coke,” he said, in response to a question about whether he’d found himself on the opposite side of a trade from Berkshire. “Coca-Cola is a company that I wouldn’t own.”

Presumably, because of the sugar, and not because it’s only lost 0.43% this year.

Ackman v. Berkshire: Whose Holdings Are More Immoral [WSJ MoneyBeat blog]