{"id":28120,"date":"2012-03-23T09:46:52","date_gmt":"2012-03-23T13:46:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=28120"},"modified":"2012-03-23T09:46:52","modified_gmt":"2012-03-23T13:46:52","slug":"bloomberg%e2%80%99s-weird-buffett-spoiler","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2012\/bloomberg%e2%80%99s-weird-buffett-spoiler.html","title":{"rendered":"Bloomberg\u2019s weird Buffett spoiler"},"content":{"rendered":"<p>Reuters &#8211; Bloomberg and Fortune had weirdly competing stories Wednesday on the subject of Warren Buffett\u2019s \u201cmillion-dollar bet\u201c. The bet\u2019s duration is ten years from January 1, 2008; Buffett is betting a million dollars that the S&amp;P 500 will outperform a fund of hedge funds.<\/p>\n<p>Fortune\u2019s Carol Loomis has unrivalled access to Buffett \u2014 she counts herself among his friends, and always helps him write his annual shareholder\u2019s letter. So\u00a0her report\u00a0on the status of the bet, time stamped 8:30am, can be taken as definitive. Loomis doesn\u2019t reveal the components of the fund-of-funds that Buffett is betting against, but she\u00a0<em>does<\/em>\u00a0reveal (\u201cyou are reading it here first\u201d, she writes) the standings at the end of Year Four \u2014 that is, at the end of calendar 2011. The fund-of-funds has not done well over those four years: it\u2019s down 5.89%. But Buffett\u2019s index fund is doing even worse: it\u2019s down 6.27%.<\/p>\n<p><a href=\"http:\/\/blogs.reuters.com\/felix-salmon\/2012\/03\/23\/bloombergs-weird-buffett-spoiler\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Bloomberg and Fortune had weirdly competing stories Wednesday on the subject of Warren Buffett\u2019s \u201cmillion-dollar bet\u201c. The bet\u2019s duration is ten years from January 1, 2008; Buffett is betting a million dollars that the S&amp;P 500 will outperform [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28120","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=28120"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28120\/revisions"}],"predecessor-version":[{"id":28121,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28120\/revisions\/28121"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=28120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=28120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=28120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}