There is no shortage of prescriptions designed to cure what ails progressives, but most suggest a specific course of action or attitude rather than addressing the structure of the enterprise, which resembles the planned economies of communist governments.
During this brief lull in the drama surrounding the nutritional company Herbalife, it's time to reflect on the drama within the drama: the battle between Bill Ackman and Carl Icahn, who have staked out opposing positions in the stock.
I tend to like nice guys. Don't we all? One of my favorite investors is John Templeton. Years after his death, he's still acknowledged as an exemplary person and great investor. But you don't have to be adorable to be a good investor.
Bill Ackman claims Herbalife is a pyramid scheme, and he makes a good case for it. But even if you don't buy his argument, there are other compelling reasons that would make many reasonable people run far and run fast from this company.