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Breakingviews: The long and short of it

Monday, March 03, 2014 - 02:45

March 3 - Breakingviews editors discuss the many similarities of two very different investment bigwigs, Carl Icahn and Warren Buffett.

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This week and we finally got the console looking for something we don't it's nobody else -- but we are looking. -- to the missive sent out this weekend behind two of the biggest grandes of investing caller I can and Warren Buffett Jessica. You seem to put aside the of the fun watching TV last night to read these that has to be found to have. Barnes' letter sort of whatever it was expecting it looking forward he always has some pearls of wisdom in the area. And out of we have we got a little bit surprised because -- a couple of put out a letter to his shareholders. And Tuesday you know they're obviously very different investor Warren is the long term value investor Carl is the you know the activists really short term investor. And and and yet they both there are some similarities to congress and they both. They don't have. Vastly outperformed market it's it's it -- assess I don't think split but Buffett is he's the -- Obama knows everything he is having people behind. Cost is and hold it -- What's this time. Well I mean so he's talked about over 49 years -- compound annual you know return is is 20% using -- -- -- it. Metric which is book value rather than Berkshire's stock percent. Carl Icahn and his letters they talked about his return as well over a 1000%. Since 2000 in his Fonda was that fun -- an iconic prize yet so it's it's that's pretty about a different slightly different. But of course -- -- a longer track record and a and -- looking you know but really you know probably what we're also -- -- does this mean that we should be doing in China trade stocks those those -- I think probably being -- right he's done pretty well if you are making good tennis out tonight it's I mean. Who should be Telecom well but eventually being at the very you know they're very different yet there are some similarities. You know it looked -- on America. And they both play serious hardball on an icon doesn't very public way Williams after a board. And once the infrastructure to ground zero is all about Twitter. Buffett is also on Twitter although not as prolific and but Buffett you know Buffett has his own way of playing hardball you know it with the Heinz Field is getting these gas coupons. All you know on on his money -- it's not quite is that he's he's as -- let's buy stocks that both also trade on their personal brands that are very big way -- the reason Warren Buffett gets great terms. Is because as Warren Buffett as the icon also can move a stock with a tweet we saw early -- and I'll just putting out have talked with CEO of apple. The stock goes -- so they both trade very heavily on the premium brands with a lot of it stinks similarities for these two very different baptism they come out these letters that just came out with him that well thanks left -- to see that Jeff. And we found it mold breaking news tomorrow.

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Breakingviews: The long and short of it

Monday, March 03, 2014 - 02:45