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-term market or economic assessments largely irrelevant.
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 AckmanInvesting is a business where you can look very silly for a long period of time before you are proven right.
Bill Ackman