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.
I would say it’s an endorsement. I think at this moment in time, he’s the only candidate that speaks out about the country’s problems. I’m behind Trump. I disagree on certain points I don’t want to get into, I’m sure those can be worked out, but the basic thing is, you need somebody that can get things going in Congress, and I think he can do it. You need somebody that understands business, and I think he understands it.
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.