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Warren Buffett made a 10-year bet where a simple index fund beat a professional hedge fund manager. The story shows why a set-and-forget investing approach often works better than trying to beat the market.
Warren Buffett made a 10-year bet where a simple index fund beat a professional hedge fund manager. The story shows why a set-and-forget investing approach often works better than trying to beat the market.
So Warren Buffett did a bet where, you know, he bet a hedge fund manager over a course of 10 years that his index fund strategy, just investing in index funds, would beat the professional hedge fund manager. And he beat him by like a lot. I don't remember what it is, but his simple strategy of just like setting it and forgetting it actually beat someone who professionally does it for his job 40 to 60 hours a week.
