Eight years ago, Warren Buffett made a famous bet with hedge fund manager Protege Partners. The bet is simple (view it at Long Bets website):
“Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.”
These are the returns of each so far:
At Berkshire Hathaway’s annual meeting, Buffett detailed his thinking behind the making the bet in the first place (forward to 2:42:20 in the video).
Jack Bogle on Warren Buffett’s hedge fund bet
NPR’s Planet Money interviewed Jack Bogle about the bet as well. The podcast also interviewed
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