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Carl Icahn's "Personal Views" About The Market

Tyler Durden's picture




 

As written by Carl Icahn on the Shareholders' Square Table

Personal Views Concerning Media Reports On My Remarks re Markets and APPL from Reuters Summit

Reuters was completely accurate that I am concerned about the level of the market.  But I also made it clear on the conference call (and I believe as Reuters reported it), that it is almost impossible to predict what a market will do in the short term.  There are too many variables.

Often when we are concerned about the market, we hedge to some extent and this is one of those times.  Interestingly, our investment funds had an annualized return of approximately 27% since January 1, 2009, and that return would have been greater if we had not hedged.  As I have often said, picking short term moves in the market is like predicting how many sevens the “hot” dice player will continue to roll.

Concerning Apple, I told Reuters I believe that Apple is not a bank and that a large buyback should be put into place, as well as taking advantage of other ways this cash can be made more productive.  While I do not micromanage, at the risk of being immodest, I believe that in the area of allocating capital there are very few better then we and we hope to be able to be involved, as a large shareholder, with Apple, in this area.

 

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Mon, 11/18/2013 - 22:34 | 4168098 VD
VD's picture

iCahn = vampire.

Mon, 11/18/2013 - 22:47 | 4168151 Say What Again
Say What Again's picture

What do you call it when someone is full of themself?

A rehypothecated self

A.K.A. Asshole

Mon, 11/18/2013 - 22:54 | 4168180 max2205
max2205's picture

Fuck you Carldouchebag

Mon, 11/18/2013 - 23:32 | 4168294 Harbanger
Harbanger's picture

Someone sat down with him and had a talk.

Mon, 11/18/2013 - 23:53 | 4168377 Shad_ow
Shad_ow's picture

Does he drive a black Mercedes?

Tue, 11/19/2013 - 08:26 | 4168941 jcaz
jcaz's picture

Of course it's impossible to predict- that's why we look for an edge to unduly increase our influence in the market,  like touting our shit on Twitter......

Unfortunately, the SEC is impotent and too busy with the low-hanging fruit courtesy of the douchebag banking industry-  those bitches give up fines with a smile on their faces, whereas Carl would actually challenge an SEC investigation-

The SEC goes after the easy cases, because their lawyers are just padding their resumes-   going after Carl would expose them for the pussies they are.

Tue, 11/19/2013 - 00:09 | 4168438 bunzbunzbunz
bunzbunzbunz's picture

Not alot, but still FREE BITCOINS: http://freebitco.in/?r=25727

Tue, 11/19/2013 - 03:30 | 4168696 Deo vindice
Deo vindice's picture

7 of these posts on multiple threads in 4 minutes. Give it a rest.

Mon, 11/18/2013 - 22:34 | 4168102 xamax
xamax's picture

Did his lawyer write this POS ?

Tue, 11/19/2013 - 07:38 | 4168891 mvsjcl
mvsjcl's picture

Considering his use of the royal "we," I'd say the Queen of England had a hand in helping him.

Mon, 11/18/2013 - 22:37 | 4168111 TheBoyPlunger
TheBoyPlunger's picture

Going long adult diapers.

Mon, 11/18/2013 - 22:43 | 4168135 Trimmed Hedge
Trimmed Hedge's picture

I call troll..

 

 

That's way more than 140 characters...

Mon, 11/18/2013 - 22:45 | 4168142 DOGGONE
DOGGONE's picture

The Public Be Suckered
http://patrick.net/forum/?p=1230886

Mon, 11/18/2013 - 22:50 | 4168164 SloMoe
SloMoe's picture

"at the risk of being immodest"

Say what? Icahn risking of being immodest? I'd like to see him risk being modest--for a change.

Mon, 11/18/2013 - 23:19 | 4168261 FieldingMellish
FieldingMellish's picture

" As I have often said, picking short term moves in the market is like predicting how many sevens the “hot” dice player will continue to roll." 

 

Because its all about gambling, right Carly? Investment funds my ass.

Mon, 11/18/2013 - 23:28 | 4168282 zebrasquid
zebrasquid's picture

His 29% annualized since early 2009 coincides with the market manipulation via Govt and Fed Reserve. Not coincidental.

He wasn't doing too hot in 2008 when reality was briefly unleashed on the market.

Mon, 11/18/2013 - 23:31 | 4168290 Seize Mars
Seize Mars's picture

Ok, "there are too many variables."

Are there, asswipe? Icahn, douchebag extraordinaire. I guess he made his money because he is so intelligent. That must be it.

Tue, 11/19/2013 - 00:10 | 4168440 bunzbunzbunz
bunzbunzbunz's picture

Not alot, but still FREE BITCOINS: http://freebitco.in/?r=25727

Mon, 11/18/2013 - 23:31 | 4168295 SillySalesmanQu...
SillySalesmanQuestion's picture

Carl is just a whore and greenmailer. He is a parasite that infects every company he gets involved with.

Mon, 11/18/2013 - 23:43 | 4168335 Atomizer
Atomizer's picture

A blown out tire scene casted away in a bed of weeds has resurfaced. You can only approach this tire if you have a magical iRing. There is more to this story regarding real state and controlling interests. Just my take/hunch.

Tue, 11/19/2013 - 00:38 | 4168496 Diablo
Diablo's picture

Icahn now looking to greenmail AAPL. man, i hope this fucktard gets blown the fuck up.

 

Tue, 11/19/2013 - 00:53 | 4168537 orangegeek
orangegeek's picture

Icahn deserves Deliverance.

 

Squeal Icahn, squeal!!!

Tue, 11/19/2013 - 01:11 | 4168571 Colonel Klink
Colonel Klink's picture

Icon can suck a porkchop.

Tue, 11/19/2013 - 08:37 | 4168962 Racer
Racer's picture

Or even better suck a lit stick of dynamite

Tue, 11/19/2013 - 01:35 | 4168600 Dr. Bonzo
Dr. Bonzo's picture

Soooooo many variables. Too many to list. Let's see, there's the Fed, the Fed, the Fed and the Fed. And let's not forget the Fed, and particularly the Fed. We could play this game all day, pull a Jack Nicholson at the Overlook, All Fed and no Fed makes the Fed a fedded Fed.

Lmao... Maybe stocks are in a bull(shit) market, but American leadership is at an alltimr nadir. You can Fed that, to the Fed.

Tue, 11/19/2013 - 02:00 | 4168642 One And Only
One And Only's picture

Ichan? Ha.

I outperfomed Icahn.

Bitcoin. Ichan is a bitch.

 

Tue, 11/19/2013 - 03:08 | 4168711 yofish
yofish's picture

Non-story

Tue, 11/19/2013 - 03:16 | 4168718 ebworthen
ebworthen's picture

Icahn (paraphrased):

"I'm an asshole, and I don't care. 

I want money, and more money, and money on top of money. 

My single goal in life has been to amass more money than the other guy so I feel better about myself, and can throw my weight around and have people listen to me.

p.s. - 'Rosebud!' "

Tue, 11/19/2013 - 07:38 | 4168889 robochess
robochess's picture

But still, you wish you were him.

Tue, 11/19/2013 - 03:30 | 4168736 Iam Yue2
Iam Yue2's picture

Icahn's taper moment.

He should have known not to speak before he had taken his own money off the table.

Anyone seen Hugh Hendry?

Tue, 11/19/2013 - 05:51 | 4168821 kurt
kurt's picture

I con.

Tue, 11/19/2013 - 06:56 | 4168857 Disenchanted
Disenchanted's picture

What, no Tweet on this delicate matter iCon??

Tue, 11/19/2013 - 09:12 | 4168977 El Hosel
El Hosel's picture

"it is almost impossible to predict what a market will do in the short term."

Uhmmm, if you predicted "the market" would be up in the "short term"... You were right 99% of the time for the last five years. Of course no "Market" works that way, which market is he talking about? I'm so confused.

Tue, 11/19/2013 - 08:52 | 4168996 robochess
robochess's picture

“Better is a poor man who walks in his integrity than a rich man who is crooked in his ways” I'd still prefer to be rich and sickly than poor and sickly. In the end poverty does suck.

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