On Friday, billionaire investor Carl Icahn told CNBC in an interview that the market is “acting schizophrenic.” No shit, Sherlock. This is coming from the Yahoo! guy. Icahn talks about shorting the real estate market, and investment opportunities in web advertising, media companies, and bankruptcies. I'm not sure there's a lot of great substance here, so, Primate People, this got me to thinking, who are the top five big-name investors that we trust most for cues and advice? Are there any? Carl Icahn, Warren Buffett? Does the cheese stand alone? And who are the top-five whose words we ignore? Is T. Boone up there?
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Mr. Icahn is a legend. He is the very few out there who really acts with his known philosophies. As he mentioned, amateur investors will be hurt without fully understanding the situations going on out there in bankruptcies and other sectors. He knows what will be the long-term change and trends, and by acting earlier, he reaps benefits. Isn’t that the essence which differentiates between legends and mediocrity?
Btw, he has been kept stressing about the overconsumption problems in the US for years. It would be definitely right to assume that the tons of commercial and real estate out there will lose value once this crazy dollar printing activity ends. People out there are starting change their consumption pattern and are doing more savings. As a result, less commercial estate demand and more rely on cheap advertising methods will be preferred from the corporations. Then, the only thing seems to matter here is when to enter and when to exit. And I guess he has a better chance to attain profits than most of us, considering his past performances.
Could you repeat that in English, please?
Julian Robertson = legend
EDIT: The title of this thread should be "Whom do we trust?"
I don't know of an instance when the man has been wrong when he chooses to speak to the public.
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