Warren Buffet’s million dollar challenge @tuckercarlson

wolfofwallst

2024-04-15 17:26:41

would anyone hand money to a hedge fund

so warren buffett

asked this exact question back in two thousand and seven me to make a big announcement that a million bucks

that i don't care what the hedge fund you why you can't beat the s and p five hundred over ten years

and at first no one took the bet

eventually someone did with what's called a fund of funds

yeah different funds right

and after year seven

they threw in the towel they couldn't even come close to the sep and that was without all their fees and just you know the fees they take so it's twenty percent that believes that performance bonus right right if the fund makes money off the upside on the upside but if the fund loses money the following year

they don't get any of the losses so it's heads they win

tails you lose right

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