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 AckmanIf 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 AckmanShort-term market and economic prognostication is largely a foolโs errand, we invest according to a strategy that makes the need to rely on short-term market or economic assessments largely irrelevant.
Bill Ackman