AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 

 Buffett's S&P 500 bet gains ground

View previous topic View next topic Go down 
AuthorMessage
RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

Buffett's S&P 500 bet gains ground  Vide
PostSubject: Buffett's S&P 500 bet gains ground    Buffett's S&P 500 bet gains ground  Icon_minitimeThu Mar 22, 2012 3:57 am

Billionaire Warren Buffett's chances of winning a bet that the S&P 500 stock index will outperform a collection of hedge funds are improving, but Buffett still trails the money managers four years into the 10-year bet.

Buffett has long been critical of hedge funds because of the high fees they charge investors, so Berkshire Hathaway's chairman and CEO wagered that an S&P 500 index fund would beat any 10 hedge funds over a decade if all the fees were included.

Buffett made the bet in 2008 with the money managers who own Protege Partners LLC. The winner will be able to donate at least $US1 million ($957,396) in the charity of their choice at the end.

Read more: http://www.smh.com.au/business/world-business/buffetts-sp-500-bet-gains-ground-20120322-1vl2j.html#ixzz1ppXoZivb
Back to top Go down
 

Buffett's S&P 500 bet gains ground

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-