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While Allergan's stock had dipped significantly during the year, the hosts mused whether Icahn's presence would serve as an indicator for other investors to reconsider their positions. Campbell highlighted the contrarian nature of many billionaire investors who thrive on investing when stocks are undervalued.
Following the Billionaire Playbook: The 13F Filing Complexity
Transitioning from Icahn’s stakes, the conversation shifted to the broader implications of following billionaire investors through their 13F filings—documents that reveal their investments each quarter. Nevertheless, Campbell pointed out that these filings are inherently retrospective, making it challenging for individual investors to time their own investments accurately based on billionaire moves.