Icahn interviewed by Bartiromo: Discusses private equity, Time Warner, and best investing

Maria Bartiromo on CNBC was shown numerous times today in different segments interviewing billionaire raider and buy-out magnate Carl Icahn on the state of the market now. He discussed Time Warner Inc., (NYSE: TWX), hedge funds, private equity, and other topics

On Time Warner, Carl Icahn said Parsons did the right thing with the buyback. After the $20 billion buyback he said it was one of the best investments he made. He also said Bewkes was doing a great job. The shares are up now and just put in another recent (not all-time) record close today at $20.43, up 0.5% on 33.5 million shares traded.

Icahn noted that the problem with most private equity funds is that they are too leveraged. They may help run the company better, but the private equity guys have too much leverage in general. He thinks this will ultimately lead to problems.

Icahn also said the best investment you can make is to buy companies and change their management. He should know. Back in September, Forbes listed him as the 24th richest American with a $9.7 billion net worth.