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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Mar.21
6:36 PM ET
Friday, 21 Mar 2008
How To Trade With Wall Street Whales

"Do as I do, not as I say" That’s, the motto behind a little segment we like to call whale watching where we profile the world's most successful investors - a.k.a whales - and try to find out if you can trade in their wake.

Warren Buffett

Bio: Buying what Buffet buys doubles S&P 500 gains, according to Bloomberg.
Best trade: Berkshire Hathaway [BRK  Loading...      ()   ] stock.
Strategy: Undervalued and unloved companies.

Warren Buffet recently bought Johnson & Johnson [JNJ  Loading...      ()   ] because he feels it’s completely undervalued explains Guy Adami.

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Carl Icahn

Bio: From ’06 – ’04 Icahn’s stakes in 54 companies netted a 54% annual return.
Best Trade: RJR Nabisco
Strategy: The Break-Up

Icahn looks for companies that are vulnerable to the point where he can go and force them to change says Finerman. And he goes and does it.

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Bill Ackman

Bio: Founder, Pershing Square Capital Management
Best Trade: McDonald’s [MCD  Loading...      ()   ]
Strategy: Activist

He’s kind of the young buck of Wall Street whales, explains Karen Finerman.

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Eddie Lampert

Bio: Started ESL Investments
Best Trade: Sears [SHLD  Loading...      ()   ]
Strategy: The Turnaround

With all these guys you’ve got to be early says Jeff Macke. You invest with them in the weeks following the announcement to avoid the stock spike and stick with them for the long-term.

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Kirk Kerkorian

Bio: CEO of Tracinda Corporation
Best Trade: MGM Mirage [MGM  Loading...      ()   ]
Strategy: Activist Investor

He doesn’t try to spread himself too thin or put himself in multiple trades, explains Pete Najarian. He finds what he likes, and focuses on achieving his goals.

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Ken Griffin

Bio: CEO Citadel Investment Group
Best Trade: Amaranth
Strategy: Qunat Fund

I think Ken Griffin is magnificent at finding the bottom Pete Najarian says and I’m watching to see when he jumps into the financials.

----------------------

ValuAct Capital Partners and Relational Investors are two other Wall Street whales worth watching, adds Karen Finerman.

How To Trade With Wall Street Whales
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Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .

Trader disclosure: On Nov. 19, 2007, the day this segment was taped, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman's Firm Owns S&P 500 Options, Finerman's Firm Owns Russell 2000 Puts, Finerman's Firm Is Short (IWM), Finerman's Firm Is Short (MDY), Finerman's Firm Is Short (SPY), Finerman's Firm Is Short (IJR), Finerman's Firm Is Short (IYR), Finerman's Firm Owns (BIIB) Options, Finerman's Firm And Finerman Own (GS), Finerman's Firm Owns (HD) And (HD) Puts, Finerman Owns (HD), Finerman's Firm Owns (KSS), Finerman's Firm Is Short (LEH) And Owns (LEH) Puts, Finerman's Firm Is Short (LEN), Finerman's Firm Owns (LTD), Finerman's Firm Owns (MSFT) Options, Finerman's Firm Owns (TWX), Finerman's Firm Owns (YHOO), Finerman's Firm Owns (WMT), Finerman's Firm Owns (NDAQ), Finerman's Firm Owns (NYX), Finerman's Firm Owns (NMX) Options, Finerman's Firm Owns (BEAS) Options, Macke Owns (DIS), Macke Owns (YHOO), Najarian Owns (AMTD) Options, Najarian Owns (CSCO) Options, Najarian Owns (YHOO) Options, Najarian Owns (GOOG) Options


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