Billionaire Carl Icahn, the man who owns much of Oklahoma City-based SandRidge Energy, the CVR Refinery in southern Oklahoma and other companies across the U.S. now admits he was wrong to have bet against the nation’s economy and it cost him $9 billion over the past six years.
“I’ve always told people there is nobody who can really pick the market on a short-term or an intermediate-term basis,” Icahn said. “Maybe I made the mistake of not adhering to my own advice in recent years.”
It’s what he recently told the Financial Times and blamed his losses on the trillions of dollars the Fed injected into the economy amid the pandemic.
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