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Carl Icahn admits he was wrong to take a huge short position on the market that lost $9 billion

Por: MarketWatch Business May 19, 2023

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Icahn’s investing arm Icahn Enterprises LP started to short the market after the 2008 financial crisis, and became more aggressive in subsequent years. The company used a strategy of shorting broad market indexes, individual companies, commercial mortgages and debt securities. “You never get the perfect hedge, but if I kept the parameters I always believed in . . . I would have been fine,” he said. “But I didn’t.” Instead,... + full article



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