ETF Tracking Billionaire Buys: Genius or Sucker’s Play?
The iBillionaire ETF tracks top investors’ purchases with the hopes of getting similar returns. But some see the cash only heading toward the likes of Carl Icahn and Warren Buffett.
Trang Ho
August 8, 2014
Warren Buffett, chairman of Berkshire Hathaway Inc., watches a ping pong match during a shareholder event on the sidelines of the Berkshire Hathaway shareholders meeting in Omaha, Nebraska, U.S., on Sunday, May 4, 2014. Warren Buffett whose Berkshire Hathaway Inc. joined 3G Capital last year in a $23.3 billion takeover of ketchup maker HJ Heinz Co., said yesterday he'd welcome more deals with the buyout firm. Photographer: Daniel Acker/Bloomberg *** Local Caption *** Warren Buffett
Daniel Acker/Bloomberg
