Carl Icahn Regrets Stinginess Of His $1 Billion Post-Election Stock Market Bet

Next time the octogenarian places a midnight trade he'll put some real money on it.
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Carl Icahn can be called a lot of things – filmmakerrevenge enthusiastsexual assault apologist – but a hypocrite is not one of them. After more than a year of backing Donald Trump, you'll recall, Icahn skipped out on the Donald's big election-night party to go buy the dip in the plunging stock market.

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Now he's expressing regrets about the decision. The direction of the trade wasn't wrong, of course. Nor was his timing off. The problem is that his billion-dollar wager, he told CNBC, was too conservative.

While the rally may be a little "exuberant," Icahn said it makes sense because "all the things Donald's doing really point to a much, much better economy."

"I did buy a fair amount, I guess in perspective, but not nearly what I should have," Icahn said.

Carl Icahn says he made a mistake on playing the post-election dip [CNBC]

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