The Deadly Sins of Investing: Part 3: Bill Ackman and His Unforgettable Bet
In the final part of this article, we'll look at how overexposure affected Bill Ackman, and overconfidence affected none other than Warren Buffett.
herbalife
Bill Ackman and His Shocking Bet Against Herbalife in 2012
On December 20, 2012, investor and hedge fund manager Bill Ackman gave a presentation in which he attacked Herbalife, accusing it of being a Ponzi scheme and announcing its short sale.