Bill Ackman Surrenders in His Five-Year War Against Herbalife
For anyone interested, the documentary Betting On Zero is very good (on Netflix). I'd be curious to hear how the film came together and got financed. It certainly has an agenda and Bill Ackman comes out looking pretty good vs Herbalife.<p>That said, Ackman looks a lot less good in episode 3 of "Dirty Money" regarding Valeant (also on Netflix).<p>Obligitory "the market can remain irrational longer than you can remain solvent" quote.<p>EDIT: Just noticed Herbalife owns bettingonzero.com. They put up a "FAQ" saying Ackman secretly funded the doc and they're promoting the link with ads on Google.