I Make Money Controlling Companies: Carl Icahn

I Make Money Controlling Companies: Carl Icahn

I Make Money Controlling Companies: Carl Icahn

Carl Icahn has a simple investment philosophy: Buy “underperforming” companies and “make things change,” he told CNBC Tuesday.

“I bought a bunch of energy companies in 2000, merged them together. I bought them for $300 million and sold for $1.5 billion. It’s a great opportunity to control a company like a CVR but CVR has storm clouds ahead” because of the spread between prices for West Texas Intermediate and Brent crude.

Mohnish Pabrai On Value Investing, Missed Opportunities and Autobiographies

Mohnish PabraiIn August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students. Q3 2021 hedge fund letters, conferences and more One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with. Cheap Stocks In the Read More

“That’s a negative,” he said, but for the long term owning the company would be “ok.”

“We got lucky with this activism. It works in spurts,” he said.

“We are proud of our performance,” Icahn said of his company. “We were up 35 percent” last year. Owning Lions Gate, he added, “would’ve gotten us up to 37 percent.”

Updated on

No posts to display