Taking a break from his screw-over of Canadian Pacific Railway, "activist investor" Bill Ackman is making headlines with his pledge to drive the value of Herbalife shares to zero.
And even though Ackman claims his Pershing Square hedge fund has accumulated an enormous short position in Herbalife, Bill says he's not doing this for the money. In fact, he says that in the event he makes any, he will donate the gains to charity.
Bill is doing this for "poor people" says Bill. Poor schmucks in Africa who have been beguiled into believing that they too can get rich as a Herbalife distributor.
Hell, I figure anybody that stunned is just a patsy waiting to be fleeced anyway. But it sure is nice that Bill cares.
Frankly, anyone seriously interested in getting rich would be well advised to copy Bill's MO. That "activist investor" shtick has worked wonders for him. All he has to do is take a minority position in a company, and then manipulate the media to publicize the pending shake-down... sorry, I meant to say shake-up of management.
Viola! The publicity itself will produce astonishing results in Ackman's portfolio.
So if you're a young keener with a hunger for riches, forget that Herbalife nonsense.
Gather up a few friends, pool your resources, and become an activist investor like Bill Ackman.
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