For years, Hedge Funds have been the elite investment playground for the super rich. But don’t feel left out if it’s not a sandbox you’re invited to. The real joke might be on the people who buy them. Here’s an interesting article by John Mauldin
The Sage of Omaha made a bet that was written up in a recent Fortune magazine article. Basically, Warren Buffett bet that the S&P 500 would outperform a group of funds of hedge funds over the next ten years. A million dollars to someone’s favorite charity is on the line.
Why would Warren Buffett make a one million dollar bet? Read the Article
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