Five weeks ago, Carl Icahn announced he’d be closing the hedge fund he opened in 2004. Was this a sign retirement was next to come, some wondered? Hell no, Icahn recently told a reporter who checked in with the activist investor. “What else would I do? Play shuffleboard somewhere?” Mr. Icahn said from his vacation home in Florida. Carl’s got no time for anything so patently ridiculous, and is in fact busier than ever. What’s he been up to? Continue reading »
activist investing
Carl Icahn Likens Judge Saying He Owes Bill Ackman $8 Million To Being Wrongfully Accused Of Murder, Sent To Death Row
By Bess Levin
The following post is by “Gatzzb,” a friend of Dealbreaker.
Over the last decade few investors have been more quoted – and emulated – than Warren Buffett, the Oracle of Omaha. And for good reason. Mr. Buffett remains one of the most talented investment managers, capital allocators and business managers of our generation with a track record few have come close to matching. Just read any of his letters from the last 30 years and you’ll quickly understand why (sex jokes help). But with his long time passive stake in Moody’s Corp (MCO), I believe Mr. Buffett has practiced what he has often preached against: putting profits before ethics.
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