Buffett Bet $1 Million That an S&P 500 Fund Would Beat Hedge Funds. He Won by Nearly 5 Points a Year

In 2007, Warren Buffett put up $1 million to back a simple claim. He said a plain S&P 500 index fund would beat a basket of hedge funds over 10 years. Protégé Partners took the other side. The contest ran the full decade and ended in 2017. Nobody called it early, and nobody changed the […]