Post by amitdip on Jul 18, 2010 17:03:17 GMT -5
This is interesting:
In 2007, Warren Buffett and Protégé Partners placed a bet on the following question: Will a representative collection of hedge funds, selected by experts, return more to investors over the next 10 years than the return on the S&P 500? Protégé bet on the performance of five funds—of—hedge funds, Buffett bet on the performance of tile Vanguard S& P 500 Admiral Fund.
The time frame is January 1, 2008 to December 31, 2017. Each side committed roughly $320,000. The total funds of about $640,000 were used to buy a zero—coupon Treasury bond that will deliver $1 million at the bet’s conclusion, which will be given to charity regardless of who wins.So far Protégé 84.6; is winning Buffett 79.7.
www.longbets.org
www.longbets.org/predictions
In 2007, Warren Buffett and Protégé Partners placed a bet on the following question: Will a representative collection of hedge funds, selected by experts, return more to investors over the next 10 years than the return on the S&P 500? Protégé bet on the performance of five funds—of—hedge funds, Buffett bet on the performance of tile Vanguard S& P 500 Admiral Fund.
The time frame is January 1, 2008 to December 31, 2017. Each side committed roughly $320,000. The total funds of about $640,000 were used to buy a zero—coupon Treasury bond that will deliver $1 million at the bet’s conclusion, which will be given to charity regardless of who wins.So far Protégé 84.6; is winning Buffett 79.7.
www.longbets.org
www.longbets.org/predictions