通过回购卖出部分康宝莱，仍坚定看好
2020 年 8 月 IEP 通过康宝莱的回购要约卖出约 1470 万股，仍持有约 2050 万股、占 15.5%，是最大股东。伊坎说从他开始买入的第一天算起，持有至今的总回报约 200%，他依然非常看好公司的未来。
We remain the Company’s largest shareholder with approximately 20.5 million shares, representing approximately 15.5% of the outstanding shares, and we continue to strongly believe in the great future of the Company.
长期持有
说完之后，2020Q3 的 13F：减仓 -42%
康宝莱：在被做空围攻时买入，六年创造近 70 亿美元价值
伊坎从 2012 年底开始买入康宝莱，那时公司正被做空者围攻、股价不受欢迎。他研究业务、评估风险后认为风险回报比很有吸引力，于是大量买入并进入董事会，协助公司应对做空和与 FTC 的沟通。到 2018 年，康宝莱已占 IEP 净资产约 24%，伊坎参与公司回购卖出部分股份，但仍是最大股东。
In late 2012 and early 2013, when Herbalife was under attack and the stock was out of favor, we studied the business and assessed the risks. At that time, we concluded the risk/reward ratio was very favorable.
逆向、激进投资
说完之后，2018Q2 的 13F：减仓 -23%