It makes sense that lots of investors watch the stock investments billionaires make. Many of these people made fortunes based on their stock-picking ability, so it seems like a good place to get investment ideas.
Three of the most followed billionaire investors are Berkshire Hathaway CEO Warren Buffett, Pershing Square hedge fund manager Bill Ackman, and Bridgewater Associates hedge fund manager Ray Dalio. While I don't suggest buying any stock simply because a billionaire does, here are three stocks these billionaires own, and some of the reasons they might like them.
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Source: Fool.com