A decade ago, Warren Buffett endorsed inexpensive passive-index investing over expensive and active hedge-fund management. He put up a million dollars to prove it, and challenged all comers: “Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.”
A decade ago, Warren Buffett endorsed inexpensive passive-index investing over expensive and active hedge-fund management. He put up a million dollars to prove it, and challenged all comers: “Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.” Nati Harnik Associated Press file
A decade ago, Warren Buffett endorsed inexpensive passive-index investing over expensive and active hedge-fund management. He put up a million dollars to prove it, and challenged all comers: “Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S&P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.” Nati Harnik Associated Press file

Better to bet with Buffett than against him

September 22, 2017 10:00 AM

More Videos

  • Historic Alice and John Williams Home on the market in Tower District

    The Alice and John Williams Home, which is on the Local Register of Historic Resources, was built in 1915 near Fresno City College. An Arts and Crafts-style home, the 2,948-square-foot, four-bedroom, two-bathroom house was used as a residence hall for "selective women students," possibly by Alice Williams after the death of her husband.