Remember Herbalife (HLF)? That was the firm engaged in some very, very sketchy sales practices (basically a giant pyramid scheme) that Bill Ackman had shorted. His archenemy, Carl Icahn, went into a very public war with Ackman, since Icahn was very long HLF. Eventually, Ackman couldn’t take it anymore, and he gave up the fight right near the peak.
![](https://slopeofhope.com/wp-content/uploads/2024/09/slopechart_HLF-1-640x337.jpg)
You don’t need to be told what happened next. Ackman’s condemnation of the company was right all along.
![](https://slopeofhope.com/wp-content/uploads/2024/09/slopechart_HLF-2-640x337.jpg)
![Ackman](http://slopeofhope.com/wp-content/uploads/2017/07/Ackman.jpg)