Why did Warren Buffett put up $1 million to challenge the entire Wall Street in 2007?


The bet was simple: "Wall Street can choose any actively managed fund, and Buffett will only buy one, which is an unchanging investment that tracks the S&P 500 index fund, and during the period, no operations will be performed. The betting period is 10 years to see who has the highest final return."
At that time, Ted Seides, a partner at the top hedge fund firm, accepted the challenge.
SPYX0.34%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned