“I go back to first principles for me, personally,” Ackman says. “The single most important thing to me, personally, is the ability to speak my mind. I’m a change-the-world guy, and I know that sounds like bullshit or whatever. I don’t like to make investments that are not good for America. You can say I’m self-righteous. You can say that I’m disingenuous. I have more money than I need. I don’t need to work for a living. I do this because I love what I do.”
– Bill Ackman
William Cohan’s monster article on Bill Ackman and his Herbalife battle has finally seen the light of day…
The most interesting thing here is how it almost seems as though Ackman got goaded into his HLF short because he and his top analyst were afraid that his frenemy David Einhorn was about to beat him to it. You’ll have to judge for yourself but that’s the implication based on the chronology of who did what when.
I’ve previously linked to the bike riding incident between Loeb and Ackman, which had been dribbled out as an amuse-bouche in late February. Now the whole piece is in the March issue and online, if you’re fascinated by the sheer ego and greed on display here (as I am), click over to read it this weekend: