10 years ago Warren Buffett bet $1m that a passive investment would out perform an active strategy over 10 years. The active strategy devised by a hedge fund called Protege Partners.
For me the most interesting thing was that the initial stake ¢320k each was invested in bonds in 2008 and what happened with that afterward.
see details of the bet here.
http://longbets.org/362/
and you can see the results here.
http://fortune.com/2017/12/30/warren-buffett-million-dollar-bet/
For me the most interesting thing was that the initial stake ¢320k each was invested in bonds in 2008 and what happened with that afterward.
see details of the bet here.
http://longbets.org/362/
and you can see the results here.
http://fortune.com/2017/12/30/warren-buffett-million-dollar-bet/