Billionaire Activist Investor Dan Loeb Bought Gold, Then Dumped It 3 Months Later — Timing Hasn't Paid Off Yet
Dan Loeb's Third Point sold its entire gold stake after one quarter, just before bullion rallied in August.
A big investor bought gold but sold it all three months later, right before the price went up—a timing mistake. This shows even smart investors can't always predict when prices will rise or fall, so watching what big investors do is interesting but not a guarantee.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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