Warren Buffet Makes A Bet
Warren Buffet, who many consider to be one of history's greatest investors, has made a million dollar wager. He made a bet that the S&P 500 Index will outperform a group of five hedge fund-of-funds after fees at the end of the next 10 years. The bet was with one of the principals at Protege, a hedge fund-of-funds shop. The winnings will go to the champion's favorite charity.
John Mauldin, who writes a very informative weekly newsletter, researched this wager after it was first reported in Fortune magazine. He lays out several arguments for why he believes that Buffet may be left holding the short end of the stick this time. Please click on this link to view the details of this very interesting and intriguing wager.