Carl Icahn lost $9 billion on an ill-timed short trade. Here's what he says are 3 big lessons from the soured bet.
Billionaire Carl Icahn conceded that he was wrong to bet on a broad market downturn, a forecast that cost his firm close to $9 billion over six years.
To be sure, Icahn's portfolio also made about $6 billion from his activist investments even while his short bets were losing $9 billion, according to the FT, resulting in a net loss of nearly $3 billion. 1. "I've always told people there is nobody who can really pick the market on a short-term or an intermediate-term basis," Icahn said."Maybe I made the mistake of not adhering to my own advice in recent years."
3. At the height of the pandemic, the Federal Reserve's stimulus efforts not only staved off a greater economic downturn, but undermined Icahn's short bets hopes as well. Between 2020 and 2021, Icahn Enterprises reported $4.3 billion in short losses.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Carl Icahn admits he was wrong to take a huge short position on the market that lost $9 billionInvestor also says he used margin loans extended by his publicly traded investing arm as a war chest for other investments.
Leer más »
The Racism of Carl Jung🔄FROM THE ARCHIVE: The Racism of Carl Jung
Leer más »
Former pastor Carl Lentz talks Hillsong, allegations in new docuseriesCarl Lentz finally speaks out in 'The Secrets of Hillsong,' a docuseries that reveals multiple scandals of the megachurch.
Leer más »
Former pastor Carl Lentz talks Hillsong, allegations in new docuseriesCarl Lentz finally speaks out in 'The Secrets of Hillsong,' a docuseries that reveals multiple scandals of the megachurch.
Leer más »
Former pastor Carl Lentz talks Hillsong, allegations in new docuseriesCarl Lentz finally speaks out in 'The Secrets of Hillsong,' a docuseries that reveals multiple scandals of the megachurch.
Leer más »
Former pastor Carl Lentz talks Hillsong, allegations in new docuseriesCarl Lentz finally speaks out in 'The Secrets of Hillsong,' a docuseries that reveals multiple scandals of the megachurch.
Leer más »