We just got through another Berkshire Hathaway shareholders meeting (something I hope to never attend), where Warren Buffett gave us an update on his “hedge funds vs. S&P 500” bet.
Back in 2008, Buffett made a very loud, annoying bet that the Vanguard S&P 500 index fund would outperform a basket of hedge funds over 10 years. Eight years into the 10-year period, Buffett is winning pretty handily. In the classic understatement we have come to expect from a former Business Insider editor, Joe Wiesenthal said that Buffett is “absolutely crushing it” on his trade.
Indeed he is. Here is the chart.
Have A Coke And A Smile
May 6, 2016
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