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That was an interesting read summed up in these final lines: "Bill Ackman a Harvard educated (magna cum laude) billionaire New York hedge fund manager bet over
by imjk 13y ago
That was an interesting read summed up in these final lines:
"Bill Ackman a Harvard educated (magna cum laude) billionaire New York hedge fund manager bet over a billion dollars on a short position (imperilling his fund and his reputation) without checking the facts. And he did not check the facts because he was so rigid with a misplaced silver spoon that he could not stoop to sit on a subway for thirty minutes and talk with poor people for ninety minutes."
- thatthatis 13y agoDidn't check the facts? I've seen the 200+ slide PowerPoint he made on this, he's done gobs of research.
- selectodude 13y agoI have to imagine that it was tongue-in-cheek. And if it wasn't, then I don't understand, either.
- MaysonL 13y agoWithout spending a minute examining the facts at ground level: i.e. checking how the company, and its distributors, actually work, not merely reading the fucking financials.
- foobarqux 13y agoHow would you do that assuming that most sales don't happen through people who regularly go to a Herbalife Nutrition Center?