Billionaire investor Carl Ichan spoke with FOX Business Network’s (FBN) Neil Cavuto about his decision to unload $1.2 billion in shares of Motorola (NYSE:MSI), saying the decision didn’t have “anything to do with the market.” When asked how his investment strategy would change if President Obama were reelected he said “his election has nothing to do with the problems the economy has.”
Excerpts from the interview are below.
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On his decision to sell his share of Motorola:
“We were strong activists for four years. An our work is over. I don’t think my selling Motorola had anything to do with the market.”
On what his investment strategy would be if President Obama were reelected:
“His election has nothing to do with the problems the economy has. We have to see how this economy turns and if we can deal with the unemployment problem and problems concerning profitability. I think a lot of this is being read wrong.”
Video:
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