MarketWatch – There’s just four years left in the 10-year bet between billionaire Warren Buffett and a New York hedge fund firm, and it seems clear that Buffett will win handily.
More investment magic from one of the world’s richest men? Not at all. Buffett’s side of the bet was one anybody could have taken: Buy the Standard & Poor’s 500 Index starting in January 2008 through a very low-cost index fund and wait. The hedge fund could do whatever it wanted and presumably owns a collection of hedge funds.
