Tag Archives: Hedge Funds

How to lose a $1million bet (and also how to compare apples and oranges)

Ted Seides, CIO of Protege Partners, explains why he’s losing his bet against Warren Buffett. The bet, for $1million, was over which would outperform over 10 years – an S&P500 index fund (Buffett’s choice) or a fund of hedge funds (i.e., what Protege Partners does). Now I want to point out, at the outset, that […]