CARL ICAHN: COLLAPSING EMPIRE & BILLION DOLLAR LESSONS!

Carl Icahn's net-worth has plummeted from $25bn to $10bn in the last few weeks following a short report on his investment vehicle Icahn Enterprises (IEP). Why is it collapsing and what lessons can investors learn from Carl Icahn's missteps?

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[magalengo]

Finding the long-term compounders may be the relatively easy part of this game. Having to control your ego and doing nothing for over a decade is the difficult part.

[jonathanlee]

Thanks. You make a strong case for the balanced view against shorting -- that markets don't crash that often.

[baneinvestment]

The power of compounding is amazing. Even the greats forget it sometime. Hold good compounders even if they have a great year and trade up a lot. The best of good companies is yet to be seen if management is good.

[teddychen]

One of the best advice I've ever heard. Thank you!

[ovidiufrasie]

Hi Daniel.
How do you see QCOM at 100$/share, 10 PE and 3% dividend yield? Last earnings didn't looked good, but the forecast seems to be better.
Maybe you can do an follow up on your last QCOM video.
Thanks.

[mohammedmudassirshaikh]

First again, Thanks as always Daniel :) Happy Friday :)
Great advice, the age old practice of buy and hold works of course, like Charlie says “delay” gratification to be a great investor.

[ianIccyStewart]

in the beginning of my trading days i liked bidu and as soon as i bought it it plummeted, so i waited months and months and then one fine day it took off upwards. I made the mistake of selling once i got my money back and missed the full run it continued to make.

[PKCP]

Every dog has his day. He always reminded me of Ivan Bolsky. Same tribe.

[gneyman]

The answer to every diamond hands or paper hands question is trend following - price reigns supreme, it alone is objective & undisputed. Regardless of investment/trade horizon, only look @ price - the reasons for its movement are irrelevant. It's an asset - it moves up and down - it doesn't matter WHY it does as long as it DOES. Sitting on investment for months/years trying to capture large move in one shot vs compounding gains in shorter intervals with smaller increments, fractional capital utility, smaller adverse excursions/drawdowns during countertrend retracements, capturing in aggregate more of the move than in one shot. Also, monetizing countertrend by hedging so that when price recovers prev swing high PnL is higher @ the same underlying level by the amount of the hedge. That's if linear hedging with underlying itself - options are a whole diff non-linear multidimensional ball of wax. Then again, no funnymentals here - just price action, risk mgmt, scaling/pyramiding/hedging technique and instrument weapon of choice (cash/spot vs derivatives options).

[rufgux]

Thx for the video Daniel. First time I've seen the positives of being in a coma. Keep up the great content.

[albertomaurilopez]

Great lesson in this video!, hoping for your valuable input on latest Alibaba earnings

[justoparrasantana]

I was waiting two weeks for " IEP " analysis, still, I am waiting .

[onpointe]

He was right on netflix from a risk reward it is just a limited content provider promoted has everything. Appl is given monopoly by US gov for security. Those variables harder to call but as insider maybe he shoulda known.

[dannyh]

When you're his age, does another 20 billion more in the bank even matter.
Him being a billionaire already, his quality of life wouldn't make a drastic difference.
The stock market is like the bingo hall for them. Doing it to pass time & ego aswell lol

[moonshot]

I missed out on huge gains from selling to early. Two stocks I sold are now off to the races with a whopping 90% and 70% gain.

You just cant beat buy and hold if you have conviction.

[davidp]

Would you argue that this same set of lessons pertains to Michael Burry as well?

[joeyjo-jojuniorshabadoo]

Great video! Thanks! EDIT: As far as Nvidia goes, there were recent articles revealing how Druckenmiller, Ackman and other big money are buying into the already stale AI news. I don't think they understand how it works and are randomly pumping big names. AI requires something that can compute dot products fast (like a GPU) but it's possible to make a more efficient ASIC that does the same with lower power consumption. Remember how crypto went from GPUs to ASICs? Same thing will happen here. There will be some no name Chinese company pumping them out. And from the software side, open source AI (like Dolly 2.0) will take over because it's server side and the data centers will choose something that is free and customizable.

[GPTTrader]

Disney stock!! Great stock to do a video on right now.

[prst]

1. Selling stock at premium to NAV is not dilutive in the short term. 2. Few investors could have foreseen ZIRP and the subsequent valuation extremes in the US stock and bond markets. 3. The hunt for yield is always and ever a trap.

[jmj]

Everything is hindsight isnt it and thats foolish to say of him. You havent mentioned his Occidental. What Heidenburg said so bec its shorting ? I hope they get sued soon and he goes after them. Nvidia has moat for the moment so the PEG is not insane, still cheap.