Why individual investors shouldn't take their cues from billionaire investors, according to one top financial adviser
"I don't think that individual investors or the vast majority of professional investors ... should be reacting at all to what they have to say," Brown said.Read more:
First, according to Brown, these investors usually trade off of their gut and aren't using repeatable systematic strategies."On January 17, [Joe] Kernen got an e-mail from both of them [Tepper and Druckenmiller] — they were bullish as all get out. They loved being in stocks, intermediate-term bullish, short-term bullish. They couldn't see what was coming, no one else could either, and they changed their minds," Brown cited as an example.
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