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Warren Buffet made a similar bet 8 years ago on a 10 year horizon, betting on Vanguard against some top hedge funds. Buffett is very likely to win that bet. h

• elbigbad 11y ago
  This is interesting! Shoddy writing int he Fortune piece though. "The amount handed over [to charity], though, is not likely to be $1 million, because of changes that Buffett and Protégé made in the wager a couple of years ago" One paragraph later: "Buffett also issued a guarantee: He will pay the winning charity $1 million if the Berkshire stock bought isn’t worth that much at the bet’s end." Nitpicky I know, but it sounds like the winning charity is guaranteed $1 million.
  • aidenn0 11y ago
    Read a few more lines down and they state that the amount will most likely be more than $1 million, thus keeping the previous two quotes consistent.