CARL ICAHN: The Stock Market Is Fully Valued

Billionaire investor Carl Icahn told CNBC's Maria Bartiromo in a telephone interview this afternoon that he's been doing well "for all the wrong reasons."

He also told CNBC that he agrees with Warren Buffett, who was on moments go, that stocks are fully valued.

"I think at the risk of being modest, we're up 30% and yet we have a huge hedge on because I agree with what Warren Buffett said. I think right now the market is giving you a false picture. I don't think a lot of companies are doing that well. They're taking advantage of low interest rates," Icahn said, adding, you don't have to be a "genius" to figure that out.

Earlier on CNBC, Buffett noted that the economy continues to "creep along."