Warren Buffett on investment fees

The Buffett Bet

About a year ago we wrote a piece on a remarkable bet between Warren Buffett and hedge fund-of-funds manager Ted Seides. The premise of this one million dollar bet instigated by Buffett was that over a 10 year period beginning 1 January 2008 a simple S&P 500 index fund would outperform the best, most complex strategies that any Wall Street hedge fund guru would care to put together.

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