- Aug 6, 2012
- 28,087
- 24,876
- 2,405
I don't care how smart you are, I wouldn't bet $5 against Buffetts understanding of the stock market. The answer was simple, costs. You don't even need to know the pre fee yield to understand that it's the MER's that kill your profits, especially with highly managed funds.
An easy mill for the Buffet charity.
http://nypost.com/2017/09/09/warren-buffett-wins-1m-bet-made-with-hedgie-a-decade-ago/
The Oracle of Omaha once again has proven that Wall Street’s pricey investments are often a lousy deal.
Warren Buffett made a $1 million bet at end of 2007 with hedge fund manager Ted Seides of Protégé Partners. Buffett wagered that a low-cost S&P 500 index fund would perform better than a group of Protégé’s hedge funds.
Buffett’s index investment bet is so far ahead that Seides concedes the match, although it doesn’t officially end until Dec. 31.
An easy mill for the Buffet charity.
http://nypost.com/2017/09/09/warren-buffett-wins-1m-bet-made-with-hedgie-a-decade-ago/
The Oracle of Omaha once again has proven that Wall Street’s pricey investments are often a lousy deal.
Warren Buffett made a $1 million bet at end of 2007 with hedge fund manager Ted Seides of Protégé Partners. Buffett wagered that a low-cost S&P 500 index fund would perform better than a group of Protégé’s hedge funds.
Buffett’s index investment bet is so far ahead that Seides concedes the match, although it doesn’t officially end until Dec. 31.
