I had no idea what it was. But I was determined to sell as much of it as I possibly could
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I love when billionaires fight, because they do it with money, which is the third best way to fight, after Jell-O wrestling and dating your ex’s best friend. So I got very interested when hedge-fund manager Bill Ackman bet $1 billion that Herbalife is a pyramid scheme and Carl Icahn, who hates him, argued that it so totally isn’t and set out to prove it by buying $1 billion worth of the company. To put that in terms non–Wall Street people can understand, it means that whatever Herbalife is, there is more than $1 billion of it.
Ackman, after lobbying Congress, persuaded the FTC to investigate the company and has posed one question to audiences that I find very convincing: Have you ever bought a product from Herbalife?