Buffett’s $1m bet pays off as index tracker beats hedge funds

Telegraph – The cheap tracker funds that anyone can buy will make you more money than hedge funds available only to the seriously wealthy, according to Warren Buffett.

And the world’s most famous investor has put his money where his mouth is. In 2008 he entered into a bet with an American asset management firm that the main US stock market index, the S&P 500, would outperform a group of five hedge funds over a 10-year period.

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