Younger Icahn Has Much to Learn, But Still Finds Profitable Investments

When it comes to the next=generation Icahn, there still might be a lot left to be learned.

The NY Post today said that Icahn's son, Brett, suggested making an investment in Take-Two Interactive (Nasdaq: TTWO) in 2010, seeing the company as undervalued. The younger Icahn has also taken a board seat with Take-Two, but prefers to be more of a silent board member and allow management to execute.

However, the Post noted that Icahn asked investment partner Strauss Zelnick to shake-up Take-Two's board. Sources said that Take-Two's management has been weak for a while, which is why Rockstar was allowed leeway to continue delaying Grand Theft Auto V.

Take-Two said last week that GTA V hit $800 million in first-day sales and $1 billion within a few days. Icahn has made about $200 million on Take-Two since the investment was made and now has a 15 percent stake in the company.

But, Icahn does say Brett and associate David Schecter are more tech-savvy than he is, suggesting investments in Netflix (Nasdaq: NFLX), Nuance (Nasdaq: NUAN), and others.

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