that article had very strong language against him and very favorable language for dan loeb.an loeb who is long herbalife, though he may change his position even where you were in mid february -- >> i think that's accurate. >> so dan loeb may benefit from the position where he is a serious athlete and he has done a triathlon and ironman. here is bill ackman struggling for air. >> the crux of at least the early part of the article is the bike trip, loeb and ackman and ackman hasn't been on a bike in a long time but he gets up there -- >> well also a try athlete -- >> but it is like they are building loeb up and ackman is this straw man everybody is making fun of. i think that's the mentality of the hedge fund right know. >> shocking, a henl fund billionaire is arrogant, filled with ego, overconfident and takes big bets. that describes pretty much everyone -- >> right. >> he had some spectacular wins too. >> but he had huge failures too. they go down the list. it is easy to pick the target. target, borders, j c.j jcp, gol. >> it is beautiful to see these guys taking the opposit

then dan loeb got involved. that the crux of this article.hip that started out pretty well. a bike ride that went awry thp p then dan loeb invested, with target, which didn't go well and certainly the vanity -- >> it can make you money and -- >> yes. >> ackman gets into messy situations that turn into quick stand, so my impression. >> because that's his personality. does he walk into most rooms thinking, i'm the smartest guy in the room? probably. does that rub some people the wrong way? probably. but he continues to do it because that's just his style. >> i i will wrap it up here. you compare him. he goes into messy companies, messy situations. compare, contrast with buffet who goes into great companies selling what he perceives to be a value and goes into where it ain't broken. >> a value investor versus activist. pure activist investor. a guy who want to be a rebel rouser in the show. whether icahn, ackman, einhorn. >> my neighbor, scott wapner, good to be with you, man. >> see you, man. >> we will hit the floor, next, at the nyse. zap tec

. >> concerned whether dan loeb and steve cohen are not making money, i am. the market is going much higher. that is my opinion. when you weigh the evidence unemployment is good but not great. that is one of the problems. long-term unemployment is pretty high, 14%, that is something but what is good about it is is showing modest improvement in unemployment, modest gdp improvement, that means the fed is not getting lower interest rates so i think the market, and who knows? hedge funds are the smartest guys in the room. he has not participated, and they think there's a bubble to be burst. trailing the dow. warren buffett has been doing it for a long time. is five your record is not so hot. in a recent sort of mini bull market on top of the bull market we have had since march of 2009 when they hit 6,000, probably heading to 15, there are a lot of hedge funds death -- hesitant to jump in so there's a dichotomy between the professional investor on one hand and the small investor and generally the small investor is the part of the investor that gets into these thin

it was the canny investor dan loeb and that's how she came in to tame this company. cnbc for the record has a relationship with yahoo!. i have been flogging this yahoo! ever since mayer came in. i'm not done because the stock's not done. this is highly unusual not to see a takeover of some size when you come to work. admittedly when i talked to david faber, and it's a packaging company buying a materials company. think about it. all the lightning that has struck since this year began. there's liberty buying, version media, michael dell. it's just the first week of march. these deals matter. there are other ways that value keeps being brought out and i'm trying to keep that in front of you. the effort by david einhorn to do something failed miserably and the stock is in the own personal bear market. apple won't listen to the reason of a shareholder or anyone. to get apple tv to be juice, 27 million. people take netflix or buying twitter and a force in social media and they are not a force in social media. and if tim cook is ever going to return cash to shareholders, w

. >> dan loeb is cooking with gas this year with 6% through february and one of his bigges s wins ofe, agreed to be purchased by liberty global in a $16 billion deal. that deal was announced on february 5th sending virgin media shares up 18% on heavy volume. since then, however, virgin has been trading in a tight range. and even if you got in the cheapest point after february 5th, hard to see how you could have made a few more percentage points if you bought it later in the month. declined to comment on the fund's timing why it chose its position, but we knew from the last filing it didn't own virgin media on december 31st. the february letter lists it as one of the fund's biggest winners suggesting strongly that the chief bought shares before february 5th. traders tell me there was buzz about the deal a few days prior, but for all we know it was old-fashioned due diligence. >> thanks for bringing the story to us. >> you're very welcome. and we hope to get more in the quarterly letter which will be out in a few weeks. maybe some explanation there. >> thank you. >>> coming up on the h

not the greek debt that dan loeb bought post restructuring, but they bought the other stuff because they were convinced that the european union would never force restructure. so they made really bad betts. thou, here is the other thing. they've been asking for a bailout since june. if you are a wealthy russian oligard who has all your money in cyprus and you've kept it there, it's because you've been betting that they would never hit the deposits. so the germans look at this and they said 70 billion of deposits, 35 billion in accounts above 100,000 and they know based on the data flow that it's a lot of russian money, russian politicians and russian oligard. you as a german taxpayer, do you want to bail out a russian oliguard? the russian oliguards have been betting that's exactly what you would do. >> when you do something like this, you're going to have unintended consequences and future questions about anybody looking at this saying, this time it's about the russian oligard. but if you don't follow some rule of law on these -- >> one more thing, barclay's, one of the few houses puttin

you have carl icahn, you have dan loeb, you have bill ackman. >> well, look, those are all, as you said up the newspaper every day and read what's going on amongst all those people, as well. look, the main thing for us is herbalife's a real company with real employees, generating, you know, something on the order of $700 million of cash flow. ebitda. and so what happens next is in some respects, they just keep running their company and making it better and better. the earnings were good. and i don't know how you answer the question when did you stop beating your wife. it's a tough question. you just have to -- >> that is the question. that's the question that's been put on the table by bill ackman and how do you answer that? and do the extent the ftc is involved can you give us any sense of where that investigation is going right now? >> i can't comment on it at all. i don't have the information on that. and can't comment on the ftc. but the, as you said, how do you answer that? you keep performing. and really, performance speaks for -- performance will speak. the company will speak for