August 5, 2014 12:00 AM

Chuck Jaffe: Invest like a billionaire? Maybe not

The Direxion iBillionaire Index ETF (ticker symbol: IBLN) has just opened, tracking an index made of 30 large-cap stocks that – when viewed through the lens of filings made with the Securities and Exchange Commission – appear to be the favorites of guys like Warren Buffett, Carl Icahn, David Einhorn and George Soros.

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