Gerry Canavan

the smartest kid on earth

Posts Tagged ‘Long Bets

Your Hedge Fund Sucks

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Warren Buffet recently made a one million dollar bet that a hedge fund “won’t beat the returns of S&P 500 after their extremely hefty fees are accounted for.” The bet was made using the Long Bet mechanism set up and operated by the Long Now Foundation.

Of course, we’re talked about the more scammy aspects of hedge funds before. Via Boing Boing.

Written by gerrycanavan

June 9, 2008 at 5:40 pm