This page has been archived and commenting is disabled.

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.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 11/18/2013 - 22:34 | Link to Comment VD
VD's picture

iCahn = vampire.

Mon, 11/18/2013 - 22:47 | Link to Comment 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 | Link to Comment max2205
max2205's picture

Fuck you Carldouchebag

Mon, 11/18/2013 - 23:32 | Link to Comment Harbanger
Harbanger's picture

Someone sat down with him and had a talk.

Mon, 11/18/2013 - 23:53 | Link to Comment Shad_ow
Shad_ow's picture

Does he drive a black Mercedes?

Tue, 11/19/2013 - 08:26 | Link to Comment 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 | Link to Comment bunzbunzbunz
bunzbunzbunz's picture

Not alot, but still FREE BITCOINS:

Tue, 11/19/2013 - 03:30 | Link to Comment 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 | Link to Comment xamax
xamax's picture

Did his lawyer write this POS ?

Tue, 11/19/2013 - 07:38 | Link to Comment 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 | Link to Comment TheBoyPlunger
TheBoyPlunger's picture

Going long adult diapers.

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

I call troll..



That's way more than 140 characters...

Mon, 11/18/2013 - 22:45 | Link to Comment DOGGONE
DOGGONE's picture

The Public Be Suckered

Mon, 11/18/2013 - 22:50 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment bunzbunzbunz
bunzbunzbunz's picture

Not alot, but still FREE BITCOINS:

Mon, 11/18/2013 - 23:31 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment orangegeek
orangegeek's picture

Icahn deserves Deliverance.


Squeal Icahn, squeal!!!

Tue, 11/19/2013 - 01:11 | Link to Comment Colonel Klink
Colonel Klink's picture

Icon can suck a porkchop.

Tue, 11/19/2013 - 08:37 | Link to Comment Racer
Racer's picture

Or even better suck a lit stick of dynamite

Tue, 11/19/2013 - 01:35 | Link to Comment 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 | Link to Comment One And Only
One And Only's picture

Ichan? Ha.

I outperfomed Icahn.

Bitcoin. Ichan is a bitch.


Tue, 11/19/2013 - 03:08 | Link to Comment yofish
yofish's picture


Tue, 11/19/2013 - 03:16 | Link to Comment 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 | Link to Comment robochess
robochess's picture

But still, you wish you were him.

Tue, 11/19/2013 - 03:30 | Link to Comment 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 | Link to Comment kurt
kurt's picture

I con.

Tue, 11/19/2013 - 06:56 | Link to Comment Disenchanted
Disenchanted's picture

What, no Tweet on this delicate matter iCon??

Tue, 11/19/2013 - 09:12 | Link to Comment 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 | Link to Comment 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.

Do NOT follow this link or you will be banned from the site!