Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Huawei legal chief Song Liuping told CNBC that the company is in the "early phase" of talks with Verizon over paying royalties.Technologyread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
U.S. President Donald Trump on Thursday asked India to withdraw retaliatory tariffs that New Delhi imposed this month, calling the duties "unacceptable."World Economyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
It sounds like the latest get-rich-quick scheme. Invest in the same stocks as top billionaire investors, and you too can become wealthy.
On Wednesday, the New York Stock Exchange and iBillionaire launched the iBillionaire Index, which tracks the blue-chip stock holdings of leading billionaire investors, including Warren Buffett, Dan Loeb, David Tepper, John Paulson, Carl Icahn and David Einhorn.
The index comprises the 30 large-cap equities listed on the S&P 500 in which financial billionaires have allocated the most funds. It compiles information from 13F filings—the quarterly disclosures from investment managers detailing their stock holdings.
(Read more: Meet the 'average' global billionaire)
Buying like the big guns certainly seems to produce better returns, at least during certain periods. Over the past eight years, the iBIllionaire Index would have posted annualized returns of 12.6 percent, compared with 7.06 percent for the S&P, according to iBIllionaire.
As iBillionaire puts it, the index "provides investors an efficient and effective way to follow the smart money. In essence, the index works as though one gathered a group of billionaires and asked them to come to a consensus as to which S&P 500 stocks are the best bets."
The company is even laying the groundwork for an exchange-traded fund. The iBillionaire Index was created by serial entrepreneurs Raul Moreno, who co-founded Kinetik, and Alejandro Estrada, co-founder of Dineromail, a Latin American version of PayPal.
Is it wise for everyday investors to trade like billionaires?
The returns are hard to argue with. Though 13F filings are notoriously backward-looking—the purchase disclosure can take place more than a month after the stock buy—the iBillionaire Index is based on buying at the time of disclosure. It has managed to rack up strong gains, however, so even buying and selling later than billionaires appears to be profitable.
(Read more: Bubble watch: Is this investment about to pop?)
But billionaires have completely different time horizons, risk tolerances and financial tools. They can afford to lose big. And they're investing for decades and even generations, while most people need their money for retirement.
Billionaires also possess all manner of hedging strategies and options to improve returns and reduce risks that average investors obviously don't have.
(Read more: Calls to raise taxes for the rich are growing)
Those who want to just vicariously invest like a billionaire—without putting in any real money—can always follow the popular iBillionaire App. It's only 99 cents.
—By CNBC's Robert Frank. Follow him on Twitter .