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It's unfortunate that you are being downvoted - especially since you are citing John Hempton's excellent work on the topic. It's really worth a read and an inte
by eej71 9y ago
It's unfortunate that you are being downvoted - especially since you are citing John Hempton's excellent work on the topic. It's really worth a read and an interesting counterpoint to Ackman's analysis.
- ZoeZoeBee 9y agoLong story short "The market can stay irrational longer than you can stay solvent.”
- troisx 9y agoHe's being downvoted because the work is not excellent. Hempton uses Mormon end-of-the-world hoarding as the legitimate excuse for inventory loading.
- eej71 9y agoWe must have read it entirely differently. The second link, which is far briefer, highlights that Hempton has finally found an example of inventory loading by millennial members of the Mormon church. But he regards that as an edge case. So I don't read that as making the point that you seem to be criticizing. More important though is the first link which is extensive and addresses many of Ackman's claims and includes Hempton's own front line documentation. None of that has to do with defending Herbalife on the grounds of "Mormon end of the world hoarding".