Wall Street is the name of a large street south of Manhattan, New York City, extending from Broadway to the East River. It is only 1/3 miles long and 11 meters wide. The streets are narrow and short, with only seven blocks from Broadway to the East River, but they are famous for being the "financial center of the United States." The managers of banks, insurance, shipping, railways, and other companies such as the Morgan chaebol, Rockefeller Oil King and the DuPont consortium are concentrated here. The famous New York Stock Exchange is also here and is still headquartered on several major exchanges: Nasdaq, the American Stock Exchange, the New York Futures Exchange, and so on. The word "Wall Street" now goes beyond that. The street itself, as a substitute for the nearby area, can also refer to the financial markets and financial institutions that have influence on the entire American economy.
Soon, Carl Icahn made a comeback. In 1978, Icahn ushered in a turning point in his career, when acquisitions and junk bonds became popular on Wall Street, providing a good ground for malicious acquisitions. In a frenzy, Icahn began to dabble in malicious acquisitions. Five months later, Huimen, the auto parts maker, became his first prey. In the early 1980s, Icahn, who was on the verge of bankruptcy because of poor management, seized the opportunity, raising $80 million to buy Huimen. After that, Icahn carried out a series of restructuring and rectification of the company, and a few years later By the time he sold Huimen, the company was worth more than 20 times what he had bought. The first World War that made Icahn really famous was the acquisition of Global Airlines. In 1985, Icahn discovered a loophole in control of Global Airlines, which had just completed a split of the business, and gathered a group of well-funded partners to quietly copy the company's shares. When Global realized it was not doing well, it filed a lawsuit in New York Federal Court, but Icahn did not stop it. As he filed a lawsuit, he raised his stake to more than 52 percent and quickly completed his absolute holding of Global Airlines. Since then, Icahn has memorized the "corporate predator". A bad name.
What corporate predators are called so, unlike buyers in the general sense, is that they usually only use acquisitions as a means of profit and are not very interested in business itself, which is why they are more likely to be considered "empty glove white wolves". When they identify the target company, they often have the vision of value investors. Once they start buying, they force the acquired company to respond to profit through a variety of methods and means.
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Billionaire Leon Black once said of Icahn: he likes to win, he likes money. But money is just a scoreboard he uses to prove his worth. He is shrewd and indomitable, and he doesn't care what others think. Although he is not always right, I will never bet that he will be wrong.
When it comes to the most successful investors, most people's first reaction may be Buffett, who is known as the stock god, but the data point to another person, Carl Icahn. Since 1968, Carl Icahn's annualized rate of return has reached 31 percent, according to statistics from Billionaire's Portforlio, a foreign research billionaire archives research website, up to 2016. He does not seem to care about the development of the enterprise, just rely on acquisitions and sales to make a profit. But there is no denying that for some people, he is also a loyal protector. Fortune magazine commented on him: "he earns for shareholders." More money than any other speculator on the planet. "
Gordon Gekko, the protagonist of the 1987 American film Wall Street, once said," My mission is not to create, but to possess. "This statement reflects the fact that Wall Street is only a place where capital is redistributed. In that era, there were a number of investment bankers and financial giants who were, and are now, well-known, such as Boone Pickens, James Goldsmith, Sol Steinberg, Michael Milken, and, of course, Karl Icahn, who were also known as corporate predators. Until today, only Carl. Icahn remains active in capital acquisitions and mergers. On the market.
However, the Wall Street wolf, who was not a finance major, studied philosophy at the famous Princeton University and listened to his mother's advice to transfer to New York University in 1957, but he soon dropped out of school to join the army. Six months later, at the age of 25, he chose to retire and join the New York Stock Exchange and became a stockbroker because of his excellent speculative skills. He easily earned 4000 dollars in original capital. But in 1962, when the American stock market collapsed, Icahn lost everything, but fortunately, he was not discouraged when he stumbled and realized that his expertise was far from enough. So began to take night school to study accounting and securities analysis and other basic courses.
One of the archetypes of the Wolf of Wall Street is the protagonist we're going to talk about today, Carl Icahn. Carl Icahn, an 80-year-old, made headlines. Forbes Global Rich list 50 in 2012. We often have his name known as "speculator", "radical investor" and even "corporate predator" as appalling as "speculator", "radical investor" and even "corporate predator". As early as 1985, he became a spokesman for the "corporate predator" for his malicious takeover of Global Airlines, scaring executives at major Wall Street companies.
