Occupation: Hedge Fund Manager Birth: May 11, 1966
As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't do….
Short-term market and economic prognostication is largely a fool’s errand, we invest according to a strategy that makes the need to rely on short-ter….
If you look at the great frauds of all time, Enron had that phantom trading floor. What Herbalife has is it has phantom or fictitious customers..
Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud..
Investing is a business where you can look very silly for a long period of time before you are proven right..
In order to be successful, you have to make sure that being rejected doesn’t bother you at all..
I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to….
I am always prepared to do the right thing regardless of what other people think..
If you think of the typical Herbalife distributor and their level of sophistication, to this day I still don't understand the marketing plan - true s….
I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - ju….
It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to ….
If I believe that I am right, I will take it to the end of the earth until I am proven right..
Experience is making mistakes and learning from them..
I was a little bit of a cocky kid..
You can learn investing by reading books..