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We Study Billionaires - The Investor’s Podcast Network

TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 18 September 2016

⏱️ 42 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

  • What “greenmail” is and how Icahn basically got paid for not taking over companies.
  • How to conduct an activist approach to investing.
  • Why Carl Icahn always wins in a negotiation.
  • If Carl Icahn is truly a bear in the current market conditions.


BOOKS AND RESOURCES


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Transcript

Click on a timestamp to play from that location

0:00.0

You study billionaires and this is episode 104 of the Investors Podcast.

0:05.5

Broadcasting from Bel Air, Maryland. This is the Investors Podcast.

0:13.0

They'll read the books and summarize the lessons. They'll test the waters and tell you what it's called.

0:19.0

They'll give you actionable investing strategies.

0:23.0

Your host Preston Pish and Sting Broderson.

0:29.0

Hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast

0:33.0

and is usually accompanied by my co-host Sting Broderson out in Seoul, South Korea.

0:38.0

Today we have got a really, really fun guest for you because we got Mark Stevens with us.

0:45.0

And Mark is the guy that wrote the book, literally wrote the book on Carl Heikon.

0:51.0

His net worth is somewhere around $16, $17 billion here in 2016.

0:56.0

And Mark wrote the book called King Icon, the biography of a renegade capitalist.

1:02.0

And Sting and I have both read this book.

1:04.0

We were actually going to record a discussion about some of the stuff that we learned from this book.

1:08.0

And luckily we were able to actually land Mark on our show.

1:13.0

And he is here today with us to talk about all of his adventures in writing this and studying and learning all about Carl Heikon.

1:21.0

So Mark with that said, thank you so much for taking time out of your busy day.

1:26.0

You've been running your own business. I just want to throw this out there. He's the founder and CEO of MSCO.

1:31.0

It's a marketing company. He's been running it for almost 21 years now.

1:35.0

Mark, my initial question after reading this and for anybody that hasn't had the opportunity to read your book,

1:42.0

the amount of research that you had done to write at such a detailed level about all these different transactions, all these different deals that Carl did through the years.

1:54.0

I mean, I can't even imagine the amount of research that you did to write this book.

1:58.0

I was just reading some of the stuff in the detail that you put into it was just mind blowing.

...

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