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. Bill Ackman Read Quote
I love what I do. I don’t do it for the money. I work on behalf of investors that I like and want to do well for. I’m a competitive person. Bill Ackman Read Quote
Preserving the 30-year prepayable fixed-rate mortgage – it’s like the bedrock of the housing system – is critical. Bill Ackman Read Quote
Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud. Bill Ackman Read Quote
I think good private equity investors create a lot more economic value than they destroy. Bill Ackman Read Quote
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 story. Bill Ackman Read Quote
I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I’m not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who’s long and who’s short. I don’t think it’s a good thing for the industry. Bill Ackman Read Quote