It's interesting that while the S&P did beat these hedge funds, Buffet's own Berkshire Hathaway (BRK.B) seems to have beat the S&P handily[0], with an increase

It's interesting that while the S&P did beat these hedge funds, Buffet's own Berkshire Hathaway (BRK.B) seems to have beat the S&P handily[0], with an increase of ~130% from $77.93 in 2007 to $179.89 today. I know Berkshire isn't actually a hedge fund, but is very analogous to a giant mutual fund, albeit one that takes a very active ownership role in the companies whose shares it owns. 0:http://quotes.morningstar.com/chart/stock/chart.action?t=BRK.B&region=USA&culture=en_US http://quotes.morningstar.com/chart/stock/chart.action?t=BRK..., look at the 10-year chart.