Hedge Funds Are Terrible Investments. So Why Do Rich People Keep Using Them?
Hedge Funds Are Terrible Investments. So Why Do Rich People Keep Using Them?
Transcript
In 2008 Warren Buffett made a bet for 1 million dollars that a hand selected group of hedge funds could not outperform the S&P 500 Index over a ten year period. In 2018, Buffett won the bet, and went home an extra million dollars richer (which I am sure was a very big deal for him) This exposed a big flaw in the investment industry which is tha... Read More
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