“Doing what the billionaires do might not be the best way to manage your investments,” Philip Elmer-DeWitt reports for Fortune. “But it’s the strategy that iBillionaire has chosen.”
“What started as an iPhone app that tracked the securities holdings of the richest investors grew into a stock fund — Direxion iBillionaire Index (IBLN) — that turned one-year-old last month,” P.E.D. reports. “Apple was one of the fund’s best performers and remains a top holding for eight of the investors that iBillionaire tracks: Carl Icahn, David Einhorn, Leon Cooperman, David Tepper, George Soros, Julian Robertson, Ray Dalio and Richard Chilton.”
Read more and see the charts in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]