Carl Icahn Investing Philosophy
Mr. Icahn buys beaten-down assets that nobody else wants, usually out of bankruptcy, then fixes them up and sells them when they are back in favor. Regarding to his style, explains Icahn: The consensus thinking is generally wrong. If you go with a trend, the momentum always falls apart on you. So I buy companies that are not glamorous and usually out of favor. It is even better if the whole industry is out of favor.
Performance of Icahn Capital
|Year||Return %||S&P500 %||Excess Gain %|
|3-Year Cumulative (2011-2013)||111.79 (28.42/Year)||56.38 (16.07/Year)||55.41 (12.35/Year)|
|5-Year Cumulative (2009-2013)||225.22 (26.60/Year)||127.33 (17.85/Year)||97.89 (8.75/Year)|
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