Ryan Cohen made a $2.5 billion dollar fortune selling Chewy.com and betting on the rise of GameStop. The vast majority of his net worth is invested in roughly 10 stocks.
His approach to investing combines the strategies of two great investors: value investor Warren Buffett and corproate agitator Carl Ichan. Per an article in the WSJ:
Like the 92-year-old Mr. Buffett, who oversees Berkshire Hathaway Inc., he wants to find companies that are undervalued, buy their stock cheaply and hold them long term. Like the 86-year-old Mr. Icahn, he wants to identify more companies he views as mismanaged and press them to change.
How he made his fortune: Chewy sold to Petsmart in 2017 for $3.35 billion, setting a record for the highest price paid for an e-commerce company. Cohen sold his stake for ~$1 billion before taxes. In late 2019 / early 2020 Cohen started building a position in Gamestop. Today, “…his more than 36 million shares have earned him roughly $900 million in paper profits, regulatory filings show.”
Click on the link below for an excellent read.