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The investor who missed the prospect to make hundreds of thousands on Netflix

Despite this "mistake", Carl Icahn does not regret his decision. That is the reason.

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6, 2021

2 min read

This article was translated using AI technologies from our Spanish edition. Errors can occur as a result of this process.

It was October 2013 when the famous Wall Street Investor Carl Icahn began selling its stake in a DVD rental company that had recently made the move to streaming. Icahn had already achieved a 457% return on its initial capital injection and decided to retire. His son Brett asked him not to do this, but the investor eventually sold in 2015, making $ 2 billion on his shares.

The company Icahn left? Netflix.

Sold today as the last of our $ NFLX. Do you think $ AAPL is currently the same opportunity that NFLX offered several years ago.

– Carl Icahn (@Carl_C_Icahn) June 24, 2015

Since then, the entertainment company's stock has risen nearly 10. Ichan doesn't regret his decision, however.

In a recent interview with the US version of Forbes, Icahn said the market told him it was time to "take some chips off the table".

85-year-old Icahn illustrates the change on Wall Street, suggests Forbes, as companies with less tangible assets like GameStop and Bitcoin have grown while old-guard investors like Ichan continue to bet on wealthy companies. Assets and cash in need of restructuring.

As pointed out in Nathan Vardi's article, this investor's strategy is not entirely wrong. His firm, Icahn Enterprises, owns stakes in the CVR Energy refinery and retailer Pep Boys, which trade at around $ 60 and are growing 20% ​​annually.

It also has Occidental Petroleum investments, bullish stocks thanks to the rebound in crude oil prices to $ 60 a barrel since last year.

With everything and his "mistake" with Netflix, Carl Icahn's net worth is around $ 15.8 billion. Nearly nothing.

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