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Billionaires Are Snapping Up Beaten-Down 23andMe Stock. Should You Follow Their Lead?

TheMotleyFool

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Billionaires Are Snapping Up Beaten-Down 23andMe Stock. Should You Follow Their Lead?: https://g.foolcdn.com/editorial/images/770111/wall-street-analyst-getty.jpg

If you're an individual investor who wants to invest like a billionaire fund manager, I've got good news. Following billionaires is relatively easy because the U.S. Securities and Exchange Commission makes anyone who manages over $100 million in assets report their trading activity every quarter.

In the last three months of 2023, several prominent billionaires bought shares of 23andMe (NASDAQ: ME) even though the stock has been plunged from its previous peak.

Before plowing any of your hard-earned money into the genetic testing stock, it's important to remember that even the most successful investors can be wrong from time to time.

Source Fool.com

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