Most people believe they have control over their own actions, especially wealthy billionaires like Carl Icahn. However, Carl Icahn lost one of his battles to his own lawyers over his blog. That’s right, Carl Icahn’s lawyers have forced him to give up his blogging rights. Born in Queens, this self made millionaire is of interest to many Americans and others around the world. Because of that his Sunday night CBS’ “60 Minutes” interview was watched by millions. During the interview Carl Icahn discussed his victories in the investment world. Despite not being able to blog about his experiences and thoughts on the government, Carl Icahn is still finding ways to spread the word.
The investor discussed his investments and choices he made in the past. Including the failure to break Time Warner up in 2006. Carl Icahn discussed that while he may have not made the best decision it was still a decision that made him $300 million.
The investor has also been successful recently with an investment in software company BEA Systems. The company made an agreement with Oracle to sell out and Carl Icahn’s involvement allowed him to rake in another $300 million. He discussed that this success was actually quite lucky considering that he thought the original offer of $17 per share was not worth a rejection on BEA Systems part, however they held out and Oracle offered them $19.38 a share. So, Carl Icahn was candid about how the market works and that he is not a wunderkind that knows everything. But, he does know the market well enough to make an awful lot of money even when he doesn’t make the best decisions. Every average Joe would love to make $300 million in their lifetime much less on just one deal.
However, while Carl Icahn may seem like the most amazing investor on the planet he has had some deals that did not have the best results. For example, Motorola has gone downhill quickly and sharply since 2007, when Carl Icahn began his involvement with the company. Another losing investment at the moment is Blockbuster as well as J.C. Penney.
Carl Icahn stated that many times an investment was like waiting to see who had the last laugh. Currently, he is still worth billions of dollars so he is laughing pretty hard. However, with some of his investment choices not doing so well, like those mentioned above, it is unclear where things will head in the future.
Of course, if a betting person wanted to make some money they would feel it a safe bet to bet on Carl Icahn. That’s because he is one of the most amazing investors in the entire world in the history of time. This might seem like a big title, but Carl Icahn has used is approach of “take no prisoners’ to make himself billions of dollars as well as billions for shareholders. He is currently listed on the Forbes list at #46 and has a net worth of $14 billion.