My colleague Ben Carlson got into a bet with Nir Kaissar that is similar to the bet between Warren Buffett and Protege Partners – which asset class will post better returns over the next ten years, hedge funds or the S&P 500.
This is not a no-brainer bet – even if you don’t believe hedge funds are a worthy investment – given current valuations for the US stock market.
My friend Jeremy Schwartz (WisdomTree) details the bet and how it came out. Good luck, gentlemen.
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