Invest Like Warren Buffett, Not Carl Icahn

Warren Buffett and Carl Icahn are arguably the two most successful investors of their generation. Both have compiled enviable performance records for more than half a century.

Since 2000, shares of their publicly traded investment vehicles -- Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and Icahn Enterprises (NASDAQ: IEP) -- have crushed the S&P 500's return. Any sane investor would be happy with either track record.