Bill Ackman

The President is the CEO of this business that we call America. ”

If you think of the typical Herbalife distributor and their level of sophistication, to this day I still don't understand the marketing plan - true story. ”

If you look at the great frauds of all time, Enron had that phantom trading floor. What Herbalife has is it has phantom or fictitious customers. ”

Investing is a business where you can look very silly for a long period of time before you are proven right. ”

I think the hedge-fund industry has taken a reputational turn for the worse, this dog-eat-dog stuff. I'm not just talking about Herbalife or J. C. Penney, but in other situations where the media really focuses on who's long and who's short. I don't think it's a good thing for the industry. ”