Icahn on Selling Lions Gate at $7....'You Can't Win 'em All'

Carl Icahn apparently never realized the enormity of the

phenomenon. "'You can't win 'em all', he said on an interview on CNBC after the close Tuesday, and felt selling the majority of his Lions Gate Entertainment

shares at $7 back in October was the right thing to do at the time. Despite the misstep on Lions Gate, Icahn said overall for 2011 he was "proud" of his performance. Icahn said there was great opportunity in buying companies like CVR Energy

and on his $30 offer said "I think we are paying a full price". On the current condition of the stock market, Icahn said low interest rates are the one thing it has going for it. But he cautioned, for the average investor it is "better to make 1% than lose 30%".