So, Carl Icahn, a famous investor lost $66 million recently. Meanwhile, in his Hall of Justice headquarters, Warren Buffet pulls in a $771 profit on the deal. Carl Icahn essentially gave Mr. B a check for $66 million. Nice.
What did we learn?
My take away… Warren’s got better people running numbers for him. He was able to accurately predict the exhuberance of the real estate market. Having a hurricane or two sure didn’t hurt either.