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Marketplace Morning Report for Friday Feb. 27, 2015

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Airing on Friday, Feb. 27, 2015: The U.S. and Cuba continue talks today. One major issue still standing is Cuba’s place on the U.S. list of state sponsors of terrorism. Banks are watching that issue very closely. We explore. Plus, later this morning the U.S. government will report a revision to its main calculation of economic growth. First time round GDP was reported as running an annual rate of 2.6 percent last quarter. This is a routine revision, including new data that’s poured in. In India, the government has just changed the way it goes about calculating its GDP and, lo and behold, things are looking up. And can you imagine betting against the legendary investor Warren Buffett in public? Warren Buffett was trying to make a point about index funds, that this meat-and-potatoes boring investment strategy would beat any fancy hedge fund portfolio in the fullness of time. Well, Ted Seides, President and 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 mirth somewhere, Mr. Seides was willing to come in to talk about how things are going 7 years into the 10 year bet.



Segments From this episode

Betting against Warren Buffett

by David Brancaccio Feb 27, 2015
Ted Seides can.

Cities and counties rely on Homeland Security dollars

by Nova Safo Feb 27, 2015
Local governments are watching the impasse over Homeland Security funding.
Water: The high price of cheap

How to turn sewage into a product people want

by Scott Tong Feb 27, 2015
DC Water considers sewage a natural resource it can convert to a profitable product

Why U.S. banks are keeping an eye on Cuba talks

by Nancy Marshall-Genzer Feb 27, 2015
U.S. and Cuban negotiators will meet in Washington Friday.

Fraud-resistant credit cards are a long time coming

by Mitchell Hartman Feb 27, 2015
Only 1/3 of U.S. credit-card holders have fraud-resistant microchip-enabled cards
Mid-day Update

PODCAST: Purifying water

by David Brancaccio Feb 27, 2015
A slower growth for the economy, credit cards get more secure, and purifying water in D.C. makes money

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