Did Warren Buffett Win a Bet with Hedge Funds?
Warren Buffett always viewed hedge funds as an industry that charged excessive fees for low performance. With that, Buffett set a decade-long bet against Protégé Partners LLC that their select hedge funds wouldn’t outperform the S&P 500, standing firm with his belief that there was no doubt that he would win. In 2007, Warren Buffett […]
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