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 benefit a handful of super wealthy people at the top of the pyramid.
Bill AckmanIn order to be successful, you have to make sure that being rejected doesn’t bother you at all.
Bill AckmanHerbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.
Bill AckmanIf I believe that I am right, I will take it to the end of the earth until I am proven right.
Bill AckmanAs a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?
Bill Ackman