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