Ackman. 16 Mar 2016. Williams Vaughan 10 years ago Ackman is a perfect example of failing upward. JC Penney’s? Herbalife? Valeant? Amazing how fortunes can change in the game of high stakes if you continually make the wrong bets based on the wrong information. One down. Many to go? Share this: Share on Facebook (Opens in new window) Facebook Share on X (Opens in new window) X