How Does Billionaire Investor Carl Ichan Make Money?

According to his twitter page, he says he does it this way:

Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.

Sounds to me as though another way Ichan could put it is to say that he is an entrepreneur who studies the markets looking for poorly allocated capital and moves to profit by seeing to it that the capital is better allocated.

Here's a great talk given by Ichan, which gives insight into how he operates. This is a real thigh slapper. If you haven't heard this before you are in for a real treat:



Here's a 60 Minutes take on Ichan: