I love documentaries. And I love equity bears. So I’m doubly-stunned that I didn’t know about Betting on Zero, which is available freely to any of you that are Netflix subscribers.
The documentary is about Bill Ackman’s fabled fight against Herbalife by way of his billion dollar short position. The film is marvelously edited, and absolutely engrossing. It was done a few years ago, so it’s kind of awkward that Bill Ackman pledges to the poor Latinos he’s speaking with that he would fight until the end of time against HLF, and yet he actually surrendered completely in March 2018. Still, I heartily encourage you to watch this documentary; it’s terrific.
Here, by the way, is the SlopeCharts of Herbalife: