Hedge fund managers and resident Herbalife (HLF) not-a-big-fan Bill Ackman has been in the news recently for his campaign to expose his least favorite company as a Ponzi Scheme. However, beyond his public battle with the nutrition supplement maker, Ackman is the founder and CEO of the highly successful hedge fund Pershing Square Capital Management and has a long track record in the investment world.
In this video, Ackman brings his years of investment expertise to some of the most basic concepts of how businesses, balance sheets, and investments really function. It's a long one, but worth a watch even if you're no novice to the world of finance. Though, it's worth noting, he doesn't even mention shorting stocks in here. Interesting.