Predictions, Expertise and Shaping the World
by I just read this story on a decade-long public bet that Warren Buffet made against an investment fund guy. Buffet bet that over ten years an index fund would out-perform managed funds. I think the main argument here is basically compound interest in action — the higher level of fees paid out in a managed fund inherently cripples it level of return against a low fee fund like a Vanguard S&P 500 Index Fund. The bet was tracked and arbitrated by the Long Now Foundation which every time I read about something going on there – it still feels like …
