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by jtzhou 3033 days ago
Problem with Ackman is he thinks he's doing God's work by shorting Herbalife, but in reality if he wanted to "do good" himself he would have gone to law school and taken up the cases themselves (pro bono likely), or pay lawyers to take it on. Maybe the exploited customers would have even won a larger class action. Even though he showed a human side, Ackman failed at doing what he's supposed to do which is invest other people's money.
1 comments

He might say he's shorting for a good cause, but we don't know if that's true. From what we know of his Valeant involvement, there's nothing indicating that his investment decisions are based on morality.

(Based on how much money he's lost, as mentioned elsewhere in this thread, it's hard to say exactly what else his investment decisions are based on.)