Posts Tagged ‘hedge funds’
20 Second Advisor: $1M bet (Why hedge funds lose to Warren Buffett)
A hedge fund investor, Ted Seides, made a $1M bet with Warren Buffett 10 years ago that the S&P 500 wouldn’t outperform a group of hedge funds. The bet was recently settled – Seides lost. The bet proceeds were paid to Girls, Inc. (Buffett’s chosen charity). Although Buffett has made his legacy as a stock picker,…
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