It was only when I went home that I realized what they were selling me.įor $59.25, I could become a distributor and get 25% off my $39.10 monthly canister of shake powder, which I could then sell at full price. Instead, I had to get my own results and share my experience. “You know how hard it is to convince someone to lose weight? It’s miserable,” he said. So I told Mark to sign me up as a tea and shake salesman so I could start calling people. So I decided to try not only using/eating/drinking/smoking/driving/watching Herbalife, depending on what it is, but also selling it. ![]() Then again, I’ve never met anyone who bets $1 billion on companies. I too have never bought anything, or met anyone who bought anything, from Herbalife. ![]() ![]() To put that in terms non–Wall Street people can understand, it means that whatever Herbalife is, there is more than $1 billion of it.Īckman, after lobbying Congress, persuaded the FTC to investigate the company and has posed one question to audiences that I find very convincing: Have you ever bought a product from Herbalife? Almost all of them say no. So I got very interested when hedge-fund manager Bill Ackman bet $1 billion that Herbalife is a pyramid scheme and Carl Icahn, who hates him, argued that it so totally isn’t and set out to prove it by buying $1 billion worth of the company. I love when billionaires fight, because they do it with money, which is the third best way to fight, after Jell-O wrestling and dating your ex’s best friend.
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