🐺 He's known as the Corporate Raider!

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This is Carl Icahn.

He’s known as the “corporate raider” of Wall Street.

He’d hijack company boards, raise stock prices, and sell at huge profits.

Here’s how his vicious and unique investing style earned him 31% annual returns for 43 years:

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Most investors make money by selecting stocks with great management teams.

Because they know excellent leadership will lead the company to more profits.

After all, a company is simply a body of people providing value.

Carl Icahn had a different approach.

Instead of investing in companies with an excellent board of directors…

He picked companies with great potential, but terrible management.

Then he’d hijack management and turn things around.

His strategy was ruthless.

He’d start by investing in a company like any other investor.

Once he had a relevant amount of ownership, he’d start making suggestions.

Some of his ideas would reach a consensus among shareholders and be implemented.

Carl was smart.

So his ideas worked, driving profits and raising stock prices.

He earned the trust of key shareholders and continued to buy more stock.

This leads to more of his ideas being implemented and succeeding.

Eventually, Carl would request to join the board of directors.

Despite his success and ownership of the company, he’d commonly get rejected.

Although shareholders liked him for his great ideas and heavy investments, they commonly felt threatened by him.

Carl was aggressive.

He didn’t always earn enough trust to join the board.

Management commonly feared he was only involved to make a profit and leave.

So joining the BoD wasn’t always straightforward.

This is when Carl started using force.

He’d send a letter to shareholders asking them to vote him onto the board.

Although Carl had significant ownership, it was never enough to join the board on his own.

So he swayed investors, who collectively had enough power, to vote him in.

This worked for several reasons:

Carl invested in companies with investors who were already dissatisfied with management

He already proved to investors he had great ideas

He’d promise shareholders that stock prices would rise

Once he was voted in, he had more power to implement even more ideas.

Further improving the company and raising stock prices.

Then he’d sell his shares and profit massively.

As the years passed, Carl developed a reputation for hijacking companies.

Regular investors loved him, but management hated him.

With his reputation, further takeovers via shareholder votes became easier.

Carl didn’t always succeed in joining the board.

But he’d regularly use his brand to successfully trigger shareholder activism.

This means the decisions he wanted to implement would usually come to life.

Companies improved, stocks rose, and he sold at great profits.

Carl Icahn did the exact opposite of what Peter Lynch suggests.

“Go for a business that any idiot can run – because sooner or later, any idiot probably will run it."

Instead, Carl would overtake idiots and run things himself.

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Disclaimers:

Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (866)498-5677 or view/download a prospectus here: SPYI | QQQI | | CSHI | BNDI | IWMI | BTCI | IYRI. Please read the prospectus carefully before you invest.

An investment in NEOS ETFs involves risk, including possible loss of principal. The equity securities purchased by the Funds may involve large price swings and potential for loss.

The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund’s gains or losses. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. The funds are new with a limited operating history.

Investments in smaller companies typically exhibit higher volatility. Investors in NEOS ETFs should be willing to accept a high degree of volatility in the price of each fund’s shares and the possibility of significant losses.

Bitcoin Risk: Bitcoin is a relatively new innovation and the market for bitcoin is subject to rapid price swings, changes and uncertainty. The further development of the Bitcoin network and the acceptance and use of bitcoin are subject to a variety of factors that are difficult to evaluate. The slowing, stopping or reversing of the development of the Bitcoin network or the acceptance of bitcoin may adversely affect the price of bitcoin. Bitcoin is subject to the risk of fraud, theft, manipulation or security failures, operational or other problems that impact the digital asset trading venues on which bitcoin trades. The Bitcoin blockchain may contain flaws that can be exploited by hackers. A significant portion of bitcoin is held by a small number of holders sometimes referred to as “whales.” Transactions of these holders may influence the price of bitcoin. NEOS ETFs are distributed by Foreside Fund Services, LLC.