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richk449
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Joined: 24 Oct 2003
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 Posted: Tue Feb 19, 2013 2:58 am Post subject: It is tough to beat an invisible hand |
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http://blog.longnow.org/02013/02/13/buffett-pulls-ahead-in-wager-against-hedge-funds/
| Quote: | It’s halfway time in the 10-year stock market wager sometimes called The Million-Dollar Bet—that’s Warren Buffett backing the performance of an S&P index fund vs. a New York money manager backing five funds of hedge funds—and there’s double-barreled news.
Item One: For the first time since the bet started five years ago, Buffett has moved ahead—by an okay margin to boot. Item Two: For the first time ever as well, both sides have crawled out of the ditch (though the funds of funds barely made it) and are showing positive results. |
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pjp
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| Posted: Tue Feb 19, 2013 4:29 am Post subject: |
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Should be easy enough for someone to go back and track. At least the S&P. Maybe the funds history isn't as readily trackable since it is less "fixed."
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richk449
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| Posted: Tue Feb 19, 2013 5:10 am Post subject: |
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| pjp wrote: | | Should be easy enough for someone to go back and track. At least the S&P. Maybe the funds history isn't as readily trackable since it is less "fixed." |
I don't understand what you mean. |
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pjp
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| Posted: Tue Feb 19, 2013 2:29 pm Post subject: |
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The S&P has a known history of companies which have been on the list. You can go back and track its (and therefor Buffet's) performance. The funds theoretically may not be much older than the bet, so it may not be historically comparable.
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lolgov. 'cause where we're going, you don't have civil liberties.
In Loving Memory
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