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Showing posts from September, 2016

Someone Is Lying

So I recently had the privilege of sharing my views regarding some of my holdings on CNBC and boy was it quite the experience. Little nerve racking first time on live TV but it was an awesome experience and I look forward to doing it many more times. Investment Management will be my career and I look forward to the day of managing my own million dollar fund. While on CNBC I called Herbalife a pyramid scheme and I believe its intrinsic value is significantly lower then its 60 dollar plus current share price. So I thought it would be nice to provide some uncommon sense ( I've learned common sense isn't so common in the world anymore) as the controversy continues over its business heats up. For those of you who may not be aware, Herbalife’s business practices were being investigated by the Federal Trade Commission for over two years up until July 15th, 2016 in which a settlement was announced. Bill Ackman and Carl Icahn, two of the worlds top billionaire hedge fund managers have…