Hedge fund manager fails to beat the market, owes Warren Buffett a million bucks
by Cory Doctorow from on (#32G5Y)
Ten years ago, Warren Buffett bet celebrated hedge fund manager Ted Seides of Proti(C)gi(C) Partners that an investment in a low-cost S&P 500 index fund would outperform an investment in Seides's "fund-of-funds," a basked of five funds managed by his firm. (more")