4 ms·
Seems that there is a significant difference of opinion between Carl Icahn and Warren Buffet. http://www.bloomberg.com/news/articles/2016-04-28/billionaire-ica
by 11thEarlOfMar 10y ago
Seems that there is a significant difference of opinion between Carl Icahn and Warren Buffet.
http://www.bloomberg.com/news/articles/2016-04-28/billionaire-icahn-exits-apple-stake-almost-3-years-after-buying http://www.bloomberg.com/news/articles/2016-04-28/billionair...
- DavidHm 10y agoTo be honest I always thought that Icahn was never in for the long term. He just went and raised a ruckus about wanting those $100B cash reserves distributed to stock owners.
- zerohm 10y agoI saw a TV segment / interview about Icahn years ago and that was impression I got. His M.O. is to buy a stock, create some attention, and sell, based mostly on the attention he brings, more so than the improvements he makes.
- mdasen 10y agoIn the article, Ichan noted, "if China was basically steady I would probably go back into [Apple]...I hope one day to get back into [Apple]." That's not a huge indictment of apple, but rather a concern. He did note that Apple still looked cheap: http://www.cnbc.com/2016/04/28/icahn-we-no-longer-have-a-position-in-apple.html http://www.cnbc.com/2016/04/28/icahn-we-no-longer-have-a-pos.... It's hard to read too much into it. For all we know, Ichan wants to play things a little conservative for the rest of 2016 due to big losses in his oil investments.