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Carl Icahn Part Seven: Better Than Buffett?
Of all the world's great investors, Carl Icahn is perhaps the most feared and respected at the same time. From 1968 through 2011, Icahn compounded the initial $100,000 he invested in his Wall Street firm at a 31% annual rate. In the introduction to this series, I mention that Carl Icahn's returns have been better than those of Warren Buffett over the period 1968 to 2011. Comparing Icahn and Buffett on returns alone without further explanation does not give the whole picture.
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