(CNBC) Warren Buffett said Tuesday that he is willing to bet the S&P 500 will beat a basket of hedge funds again. “I accept,” said Mark Yusko, Morgan Creek Capital’s founder and chief investment officer, in a phone interview with CNBC. “It’s an important time in terms of the market cycle. I think it’s important to be aware about the propensity of investors to chase hot returns at the peak of the cycle. It is a better time to get hedged.”
Investor Accepts Buffett’s Second Wager Against Hedge Funds, Believing The Timing Is Right
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