Jay_Gatsby
Thinks s/he gets paid by the post
- Joined
- Oct 7, 2004
- Messages
- 1,719
Warren Buffett recently bet an ambitious hedge fund operator $1 million that they won't beat the returns of S&P 500 after their extremely hefty fees are accounted for. Buffett claims investors will do as well with a no-load index fund over the ten years of the bet. He has long been critical of the performance claims of hedge funds, and his bet is intended to put his money where his mouth is.
Conceptual Trends and Current Topics
Conceptual Trends and Current Topics