that there's this is sort of unholy relationship between uh those two groups of people uh they need each other but the company they they don't really want to know what the high level people are doing because they're that you know there are earnings claims being made and products claims being made and the company is saying oh no that's that's not us we don't do that you know there and then if any anyone ever calls them on it they say oh we are shocked shocked to find that our high level trusted distributor is saying these things uh we will spank them uh and and make sure that they don't do it again i mean that's that's the way the game is played the sort of plausible deniability that the company has uh as to what its high level uh distributors are are doing and i feel like they can the companies get away with doing that because these distributors are NUMBER_TOKEN contractors so they're not even they don't even have employee protections to where the company gets in trouble the company can just say oh they're just a contractor we don't support that what they did that's not us yep they broke our rules and we're very sorry and we'll make sure that they don't do it again maybe we'll fire them or we'll suspend them or we'll sanction them but um so they have this it's all set up so if the regulator comes in there they they know how to deal with it so at any rate so i had some experience with with herbalife um and then a few years later um a a man named bill ackman who was the a hedge fund operator and his hedge fund was pershing square and uh i had no idea who he was i never heard of him before but he made a big uh presentation um i think this was in december of NUMBER_TOKEN. um he made a big presentation about how the entire company of herbalife was a pyramid scheme and herbalife was so big herbalife was actually a publicly traded company they were a wall street company so you could invest in herbalife you still can um they still they're traded uh on uh on the stock market and uh ackman said they were a pyramid scheme and he had sold a billion dollars worth of herbalife stock short and i don't short selling is is a maybe a complicated topic i don't want to get into it basically you you can if you believe that a company is going to be successful you buy their stock and you suppose hopefully you watch it grow if you believe a company is going to is not going to be successful you can borrow the stock from somebody else sell it and when the company if the company stock goes down you can then buy it back return the shares and you've made a lot of money there's a problem if the if the stock continues to go up you can lose a lot of money so it's a very dangerous thing and that's why these hedge fund guys uh they're you know they're the the cowboys of the investment world they you know they you know you have to have a lot of guts to do to do something like that uh that most of them they're they're super bright people they
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