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Monday, November 28, 2016 12:13:05 PM
The reasons that individuals trade, that are maybe obvious to individuals, don't necessarily apply to regulated fund managers in circumstances such as these. They have a range of duties, obligations and measures for their potential liabilities that don't apply to individuals trading for their own accounts.
That's why most of the discussion around whether he has bought more, and why hasn't he, etc., is basically nonsense. His actions have little to do with whether one judges, of own's own accord, that an investment is a good one or not. His fund has different overall objectives than 90% of the people on a bulletin board like this, in most cases and he has different duties and obligations applied to his decision making.
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