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Reminds me of the $2,222,278 bet Warren Buffett made with a hedge fund, and won [0]: “Over a ten-year period commencing on January 1, 2008, and ending on Decem
by 0-_-0 6y ago
Reminds me of the $2,222,278 bet Warren Buffett made with a hedge fund, and won [0]:
“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.”
[0]: https://longbets.org/362/ https://longbets.org/362/
- robocat 6y agoWhat is interesting is that they are both doubling down on existing bets, rather than hedging or diversifying.