Find the latest episode of "The Uncertain Hour" here. Listen

Betting against Warren Buffett

David Brancaccio Feb 27, 2015
HTML EMBED:
COPY

Betting against Warren Buffett

David Brancaccio Feb 27, 2015
HTML EMBED:
COPY

Can you imagine betting against the legendary investor Warren Buffett in public? For real money?

Warren Buffett was trying to make a point about index fundsthat this meat-and-potatoes boring investment strategy would beat any fancy hedge fund portfolio over time. Well, Ted Seides, President and Co-chief Investment Officer at Protégé Partners, which invests in small and specialized hedge funds, took that bet.

And even though Mr. Buffett is probably chortling with satisfaction somewhere, Mr. Seides was willing to talk about how it’s going three-quarters of the way into a ten year bet. 

Click the media player above to hear more.

By the way, Buffett and Seides each put up enough money in a way that $1 million of the loser’s money will go to charity when this is all said and done in three years time.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.