Warren Buffett's $1 Million Bet
Warren Buffett is the man. The Oracle of Omaha just seems to make the right move almost all of the time. One of my favorite Buffett moves has been 8 years in the making…so far.
About 8 years ago Warren made a $1 million bet with a hedge fund company that a simple S&P Index Fund would outperform a group of hedge funds over a 10-year span. The winnings will go to a charity of the victor’s choice and right now, Buffett’s less managed and much more affordable Index Fund is crushing its competition.
Of course, we can learn yet another vital lesson from Warren. It’s not always the flashy, trendy, and often times much more expensive investments that perform the best. Often times, as history has proven to us over and over, a simple index fund and the stock market’s consistent rise over time can turn out to be the strongest investment of all.
It may not be a flashy way of investing, but it sure pays off in the end.
Comments are closed.