Israel Englander's Top Disclosed Holding Is an iShares Russell 2000 ETF, a Bet on Small-Cap Stocks Broadening Out the Rally
Israel Englander's Millennium Management has significant options exposure to the iShares Russell 2000 ETF, but investors need to examine why that's the case.
Overview
Many market participants, even some professionals and certainly plenty of newbies, are inspired by famous investors. That adulation is understandable. After all, most famous investors attained that status for a simple reason: They're market-beaters, having consistently accomplished that feat.
Hence, so many investors worship at the altar of Warren Buffett and go out of their way to add Warren Buffett investments to their portfolios. Obviously, do-it-yourself investors are unlikely to get the same prices Berkshire Hathaway gets, but buy stocks such as American Express and Coca-Cola and, boom, you're investing like Buffett.
A famous investor holds put options on a small-cap ETF, but there's more to the story. Image source: Getty Images.
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Originally published at www.fool.com.