Salient to Investors:

William D. Cohan writes:

  • Hedge-fund managers et al are able to manipulate the market with impunity and make millions.
  • Daniel Loeb’s selling of a big chunk of Herbalife at a price far below what he told investors it was worth is concerning, and taking unfair advantage of his ability to move the market.
  • The only people who end up losing in situations like this are the very ones the SEC is supposed to be protecting – small investors.

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