Friday, February 6, 2015

Warren Buffett adds to his lead in $1 million hedge-fund bet

Fortune, February 3rd 2015, Carol J. Loomis

In 2008, Warren Buffett bet that a S&P 500 index fund will over perform hedge funds over a period of 10 years. Seven years into the race, the Vanguard’s 500 index fund is up 63.5% against 19.6% for the hedge funds. The bet will have at least one winner as the $1M bet will go to charity.

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