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 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 AckmanIf 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