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This reminds me of the time Bill Ackman shorted Herbalife because he saw that it was an obvious scam and due to crash and go bankrupt. He was right about the fi
by Eddy_Viscosity2 5y ago
This reminds me of the time Bill Ackman shorted Herbalife because he saw that it was an obvious scam and due to crash and go bankrupt. He was right about the first part, but wrong about the second.
“No one ever went broke underestimating the intelligence of the American public.”
https://www.investopedia.com/news/billionaire-bill-ackman-dumps-herbalife-ending-5year-war-betting-against-it/ https://www.investopedia.com/news/billionaire-bill-ackman-du...
- rasz 5y agoWhen we approach $Billions$ a rational unmoral actor would start looking at other means of hastening the demise of those apparent scams. The most obvious one would be founders having "accidents", as scams of this caliber are rarely institutionalized and heavily rely on main actor pulling the strings (like Bernie). Every pyramid scheme has its peak, cut it off and dominoes should fall.
- HWR_14 5y agoBill Ackerman invested billions in his short