Tag Archives: Warren Buffett

When the Index Beats the Algorithms

You might wonder why there wasn’t more media coverage of one of the most interesting bets ever made in the investment world.  We’re not talking about betting on a company; this bet was made between Berkshire Hathaway chairman Warren Buffet and a hedge fund called Protégé Partners, on whether a basket of hedge funds managed by algorithms and super investors would beat a simple S&P 500 index fund over a period of 10 years—which happened to include the Great Recession and one of the longest bull markets in history.  Each side put about $320,000 in 2007, with the proceeds—including all gains—going to charity.

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Bidding for Buffett

Chances are you’ve never paid anybody to have lunch with you, but chances are you aren’t Warren Buffett either.  Every year, the Sage from Omaha hosts an auction, with the highest bidder getting to join Buffett for lunch and bring seven guests—with the proceeds going to charity.  The winner in this, the 18th year of the auction, came in at $2.67 million, which is actually below last year’s winning bid, of $3.46 million.

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