Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical.
I love what I do. I don't do it for the money. I work on behalf of investors that I like and want to do well for. I'm a competitive person.
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.
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.
It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to benefit a handful of super wealthy people at the top of the pyramid.
Investing is a business where you can look very silly for a long period of time before you are proven right.
