Furd Turgeson

Carl Icahn Portfolio Update: Q4 2008

When times are great, Icahn will thrive because even the terribly run companies go up in value and breed M&A activity. Obviously, when the economy sours, Icahn gets pummeled because most of his investments are in poor companies with dying business models and lack of innovation. Icahn's portfolio is way too concentrated, in bad companies. If the recession continues or gets worse, he is in big trouble.