If you look at the great frauds of all time, Enron had that phantom trading floor. What Herbalife has is it has phantom or fictitious customers.

Herbalife: the customers are fictitious, the business opportunity is a scam, the university degree is a fraud.

Investing is a business where you can look very silly for a long period of time before you are proven right.

Great pictures can't be entirely fictitious.

If you think of the typical Herbalife distributor and their level of sophistication, to this day I still don't understand the marketing plan - true story.

You look at the floor and see the floor. I look at the floor and see molecules.