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The following podcast contains explicit language.

The world of Wall Street is often a wash in seafaring metaphors, captains of industry,

steering the ship, stormy waters in the third quarter or smooth sailing ahead. Well, there's

one story that's been dominating Wall Street where a nautical metaphor comes to mind.

The real-life protagonist is William Ackman, the billionaire manager of the Pershing Square

Hedge Fund. Ackman is extremely successful and therefore extremely rich. When he talks

up a stock, the stock moves, when he talks it down, well actually, that's what brings

us to the stock herbal life and the metaphor that Bill Ackman is a Hab and Herbal Life

is his white well. A little background on Herbal Life. Herbal Life's business is to

sell vitamins and supplements. Sort of. Herbal Life's real business is to sell other people

and those are its real customers on the idea of selling vitamins and supplements to the

public. You get it. Herbal Life makes its money by selling kits or even selling storefronts

to licensees who then do the selling of Herbal Life or maybe also sell to someone else

down the line. It's called multi-level marketing. Amway works that way. It is legal. Bill Ackman

thinks that it shouldn't be. He thinks it's a Ponzi scheme and he thinks one day Herbal

Life will be exposed for operating this scheme. So Ackman and his fund have made a huge

bet, a short sell, that Herbal Life would be destroyed once the government or the public

got wind of all this. So Ackman went on talk shows. He talked up his position. He made

...