“A couple time we come across a company we think is causing harm, we can make money betting against that company.” —Bill Ackman
“Herbalife stock goes down, we make money. Herbalife stock goes up, we lose money. And that’s short selling.” —Bill Ackman
“[Interviewer] What are you accusing Herbalife of? [Bill Ackman] Of being a pyramid scheme.” —Betting on Zero, 2017
About the Movie
“From ‘Darfur Now’ writer/director Ted Braun comes a riveting docu-thriller following controversial hedge fund titan Bill Ackman as he puts a billion dollars on the line in his crusade to expose Herbalife as the largest pyramid scheme in history. Herbalife claims Ackman is simply a market manipulator out to make a fortune from short-selling their stock, but Ackman insists Herbalife deliberately targets low-income and immigrant communities and robs them of their life savings. Herbalife is joined on the counterattack by longtime Ackman nemesis (and fellow Wall Street billionaire) Carl Icahn, while Ackman finds an unlikely ally in Chicago activist Julie Contreras, who rallies the Latino community to get the Federal government to intervene. Blending tales of high-stakes corporate intrigue with working-class people caught in the crossfire, Braun paints a stirring picture of the American Dream gone wrong.” (Source: iTunes Preview)
The Betting on Zero documentary is available via iTunes.
Disclosure: I am not receiving any compensation for any of the links provided. I have no business relationship with any company or individual mentioned in this article. I have no position in any stock mentioned.
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