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Trader Success Stories: Carl Celian Icahn



Carl Celian Icahn Professional trader is the leading business figures in the United States departs from a trader in the stock market. He is the founder and owner of a majority stake of a large investment company Icahn Enterprises. In 2008 the name Carl Icahn in 46 of the list of billionaires Forbes magazine. At age 77 this year 2013, Icahn is still actively perform investment activities in the stock market. Last year the cumulative results of private equity and its employees are still making profit is 20%. He is known as hand-picked negotiators in doing big deals. On Wall Street there is the term "Icahn Lift" to refer to the share price trend turned to ride when Carl Icahn began buying shares of such companies.

Born in Brooklyn and grew up in Queens, New York, Carl Icahn pursuing an education philosophy at Princeton University and had studied at the Faculty of Medicine of New York University's School of Medicine. He then worked in brokerage firm stocks Dreyfus & Company for 7 years before trading options with private equity in New York Stock Exchange (NYSE). Shortly thereafter he founded Icahn & co., a securities firm that focus on risk arbitrage and options trading.

At the end of the 1970s, Icahn began buying in large quantities on certain stocks. With negotiations which is quite a lot and tend to be hostile, in 1985, his company successfully took over TWA. Following later several large companies such as RJR Nabisco, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Revlon, Fairmont Hotels, Blockbuster, Kerr-McGee, Time Warner and Motorola. This year Icahn also bought some shares of Herbalife, a food supplement company.

Icahn did not know retirement. When the interview with Time Magazine that he said Icahn remains competitive and does not want to retire with just playing golf in Florida. "I want to earn profit. There's nothing wrong with that, and that's what I want to do, and I enjoyed it. "says Carl Icahn who in February and then received an award as one of the 40 hedge fund manager that it is high-income.

Icahn's investment strategy is to target a company that values its stake at its normal price under (undervalued). When price movements are downtrend, and most investors do the selling action, he bought it. He then did the accumulation of shares up to an amount sufficient for the target position on the Board of Directors. He usually performs replacement of CEO or split the company into pieces and sell them separately. With the way she managed to convince investors to buy the stock until its price continue to rise.

"Ceos are paid handsomely to solve critical circumstances and less profitable. If the system always went smoothly, people like me will not be able to gain profit. "said Icahn also known as donors some health research and Education Foundation in New York.

Source: www.investopedia.com


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Trader Success Stories: Carl Celian Icahn

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