Icahn also warned investors that it’s an important time to hold onto cash given current market risks. “I would say keep cash,” Icahn said in the interview. “You’re only making 1 percent on your cash – what’s better? Making 1 percent or losing 30%?”
The founder of Icahn Enterprises also used the occasion to reinforce his endorsement of top GOP candidate Donald Trump. “I think Trump has a shot,” he said.
For more on Icahn, here’s how much he made from selling the last of his shares in streaming service Netflix (NFLX) earlier this year.