
Carl Icahn Beat Berkshire Hathaway This Quarter — But The Long-Term Story Is Different

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Carl Icahn outperformed Berkshire Hathaway in Q1 2026 with a return of 11.64% compared to Berkshire's 4.99%. However, over the past five years, Icahn's performance is down 51.8%, while Berkshire has gained 69.56%. This highlights the difference between Icahn's concentrated activist investing and Buffett's long-term compounding strategy.
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