Billionaires stay billionaires by making smart investment choices. Not every member of the super-wealthy is a stock market wizard, of course, but plenty of them are. Quite a few billionaires either operate or put their money in hedge funds that try to beat market returns.
Financial website WalletHub surveyed quarterly filings for hedge funds to see which stocks these wealthy individuals were buying the most. Three stocks near the top of the list were Amazon (NASDAQ: AMZN), Oracle (NYSE: ORCL), and AbbVie (NYSE: ABBV). Here are the likely reasons why billionaire investors love these stocks.
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Source: Fool.com