Mr. Buffett makes a bet
June 9, 2008 2:22 PM Subscribe
Warren Buffett bets a hedge fund manager $1 million that the S&P 500 will outperform hedge funds over the next 10 years. Buffett has argued vociferously, sometimes using parables, that the smartest way for the average person to invest is to put money in simple no-load index funds. The bet is being overseen by the Long Now Foundation's Long Bets, where previously Ted Danson has won a bet about the Red Sox and Brian Eno one one politics. And there's more on the Long Now blog, which is generally interesting reading.
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