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Off the Shelf: Success From Failure

Richard Teitelbaum's "The Most Dangerous Trade: How Short Sellers Uncover Fraud, Keep Markets Honest, and Make and Lose Billions" takes an inside look at the world of professional skeptics.

    No hedge fund manager has a greater propensity for histrionics than Bill Ackman, founder of Pershing Square Capital Management. In July 2014 the billionaire activist rented out a 487-seat auditorium in midtown Manhattan to present his case against nutritional-supplement maker Herbalife, calling its multilevel marketing program a “pyramid scheme” and

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