Carl Icahn Sees Most Stocks As Fully Valued – Except Apple Inc. (AAPL)

Carl Icahn Sees Most Stocks As Fully Valued – Except Apple Inc. (AAPL)
Image source: CNBC Video Screenshot

Carl Icahn appeared on CNBC to talk about a variety of issues today, including the stock market in general, as well as Apple Inc. (NASDAQ:AAPL) and the “imperial boardroom.” When speaking about the stock market, Icahn actually echoed the words of Warren Buffett, who spoke earlier.

Play Quizzes 4

Carl Icahn Sees Most Stocks As Fully Valued - Except Apple Inc. (AAPL)

Carl Icahn on the stock market

Speaking with CNBC’s Maria Bartiromo via telephone today, Icahn said he believes that currently the market is giving us a false picture. He thinks most stocks are fairly valued and doesn’t believe very many companies “are doing that well.” He notes that many of them are “taking advantage of low interest rates.”

London Value Investor Conference: Joel Greenblatt On Value Investing In 2022

The first London Value Investor Conference was held in April 2012 and it has since grown to become the largest gathering of Value Investors in Europe, bringing together some of the best investors every year. At this year’s conference, held on May 19th, Simon Brewer, the former CIO of Morgan Stanley and Senior Adviser to Read More

He also talked about his recent investment in Apple Inc. (NASDAQ:AAPL), one company he continues to see as “very undervalued.” He said the company’s big cash position and ability to generate $45 billion every year are two big reasons he sees it as undervalued.

Other areas of the markets which he mentioned included real estate, which he called “ridiculously overvalued.”

Carl Icahn disses the boardroom

When he spoke on CNBC today, he also reiterated some comments he made about the “imperial boardroom.” An editorial written by him today and published in The Wall Street Journal challenges the boardroom and explained what he thinks is wrong with the boardroom setting in the U.S.

He writes about how important voting is to democracy but says that voting doesn’t really apply to public corporations. He notes that even though shareholders are able to vote on topics, the board “can just ignore them under the ‘business judgment rule’ backed by state laws and courts.” He then went on to compare today’s board rooms to Middle Age feudal lords who used their “’divine right’ of royalty to justify their lordly positions while plundering the peasants.”

According to Icahn, shareholders no longer have any real rights in the boardroom system because pro-management groups have created “a thicket of laws that protect the impregnability of boards and CEOs.”

Updated on

Michelle Jones is editor-in-chief for and has been with the site since 2012. Previously, she was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Email her at
Previous article Market News: Rite Aid, Tesla, Pier 1 Imports, ConAgra
Next article Pandora Stock Jumps After Bigger-Than-Planned Offering

No posts to display