September 16, 2017

AMERICAN ANTI-INTELLECTUALISM:

Warren Buffett wins $1M bet made with hedgie a decade ago (Gregory Bresiger, September 9, 2017, NY Post)

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.

Posted by at September 16, 2017 7:07 PM

  

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