Can higher primates beat high finance?
Academics have argued for decades that paying experts for stock tips is a waste of money. Don’t tell that to people who donated $5,000 apiece to hear hedge-fund millionaires and billionaires give their best moneymaking ideas at Monday’s annual Sohn Investment Conference. Pronouncements at the long-running charitable event move markets. When Greenlight Capital’s David Einhorn said he was short Assured Guaranty, the company’s shares tumbled in after-hours trading.
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