William Ackman, once an omnipresent rabble-rouser, is barely visible these days. About a year after the shareholder activist stopped raising money for his private hedge fund in the wake of a pair of disastrous bets, Mr. Ackman has told his investors he is avoiding hard-to-understand companies, staying out of the media spotlight and returning to the basics of investment analysis that first catapulted him to success.

Source: Wall Street Journal March 21, 2019 13:59 UTC