Bill Ackman thinks that Herbalife is giant a pyramid scheme. Herbalife is a company that sells weight loss shakes, vitamins and other similar products. Ackman has placed a $1 billion short bet against the company. In this NPR interview Ackman again stresses his short case, and why he is placing a huge amount of money and his reputation on the company failing. The segment starts with David Einhorn’s question on the Herbalife conference call.
The audio segment is embedded below:
Dov Gertzulin's DG Capital is having a strong year. According to a copy of the hedge fund's letter to investors of its DG Value Partners Class C strategy, the fund is up 36.4% of the year to the end of June, after a performance of 12.8% in the second quarter. The Class C strategy is Read More
H/T Plan Maestro