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. - Bill Ackman
Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.
- Bill Ackman
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… - Bill Ackman
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. - Bill Ackman
I am always prepared to do the right thing regardless of what other people think.
If I believe that I am right, I will take it to the end of the earth until I am proven right. - Bill Ackman
If I believe that I am right, I will take it to the end of the earth until I am proven right.
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… - Bill Ackman
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…
Experience is making mistakes and learning from them. - Bill Ackman
Experience is making mistakes and learning from them.
In order to be successful, you have to make sure that being rejected doesn’t bother you at all. - Bill Ackman
In order to be successful, you have to make sure that being rejected doesn’t bother you at all.
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 … - Bill Ackman
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 …
As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't do… - Bill Ackman
As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't do…
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