A RED FLAG AGAINST FOLLOWING BILLIONAIRES’ TRADES $AAPL $XOM $FCX $ORCL $FDX $CMCSK $DTV
Mom and pop investors love to read about the stocks that billionaires have been buying or selling. The media is happy to oblige. After all, what is good for the likes of Warren Buffet and Carl Icahn has to be good for mom and pop, right? Wrong! Let me explain why it is often highly misleading to buy or sell on reports of the buying and selling by billionaires. Certain investors are required to file form 13Fs with the Securities and Exchange Commission (SEC). The media picks up on these filings. Here is why I am raising a big red flag against acting on