Billionaires Are Fallible, Too

As someone who continues to hold Apple stock but sold Google shares too soon last year, my regrets and alarm were ratcheted up by the following headline:

It turned out that the report was about billionaire George Soros' investment moves for the fourth quarter of 2011. How have the shares fared after he sold Apple and bought Google?

Apple is up 25.8%, while Google is down 5.6% since December 31st. Mr. Soros would have been much better off if he just stood pat. (These percentages are not exact because the purchases and sales likely did not occur on December 31st.)

It's nice to know that once in a while we can make better decisions than a billionaire. Meanwhile, Mr. Soros is laughing all the way to the banks and mutual funds that he controls while we have to get up early to go to work.