Warren Buffett Wins $1 Million Bet That Hedge Funds Are a Rip-Off

Billionaire investor Warren Buffett bet that hedge funds were a bad investment. Ten years later, Buffett’s wager proved that hedge funds earn only one third of what a stock index investment does. NEP’s Bill Black explains the numbers on The Real News Network. You can view here with a transcript.

2 Responses to Warren Buffett Wins $1 Million Bet That Hedge Funds Are a Rip-Off

  1. “The money under the mattress ends up getting stolen.” If I left it in the bank and did no investing wouldn’t I be better off?

    • Steve you should have bought a house. That’s an investment where ya’ couldn’t lose if you were a hedge fund guy. 2nd place to Warren Buffet!