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Saturday 3st, November 4:18:19 Pm
Warren Buffett Destroys Hedge Fund Manager in 10 year bet

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Buffett then beat Protg in every year from through, but it took four years to pull ahead of the hedge funds in terms of cumulative return. See also, Hedge Fund Fees Exotic Expenses.

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In, Buffett lagged his hedge fund rival for the first time since, gaining versus Protg's.

But saw Buffett gain to Protg's. Another downturn could conceivably have handed the advantage back to Protg, but that didn't happen. To give a sense of how long-term they like to think, the site lists the bet's duration as "10 years ." The site has not assigned victory to one party or the other yet, Seides' admission of defeat notwithstanding. In, Warren Buffett bet a million dollars that an index fund would outperform a collection of hedge funds over the course of 10 years. Warren Buffett won his year bet against active investing.

This article also provides a downloadable list of Buffett stocks. Fellow dividend growth researcher Dividend Growth Investor is revisiting Warren Buffett’s year bet against active investing specifically against hedge funds, and Sure Dividend was invited to participate. This article will discuss Buffett’s original bet before outlining a group of investments that we believe is likely to beat the SP over the next 10 years.

You can skip to a particular section of this article using the table of contents below Buffett’s Original Bet Against Active Investing. Why Warren Buffett Won The Bet. Our Contender For The Next Ten Years. Buffett went on to describe his opponent’s strategy Protg Partners, my counterparty to the bet, picked five funds-of-funds that it expected to overperform the SP That was not a small sample.

Those five funds-of-funds in turn owned interests in more than hedge funds. Here’s a visual look at the performance of each of these funds over this year period It’s interesting to see that the SP actually lagged every fund following the financial crash in But by the end of, just four years later, it had already caught up to and passed every fund.

During the last five years of the bet, from through, the SP just ran away from the field, becoming the only investment to at least double in value during this ten-year period. Warren Buffett has won a big bet, and mainstream investors could be a bit better off or at least more knowledgeable because of it. The billionaire from Nebraska revealed the final results of his year investment bet, in which he wagered that a humble stock-market index mutual fund could beat some of the brightest money managers on Wall Street.

The results weren't much of a surprise, considering that Buffett last year revealed that he held a commanding lead. Both disclosures were made in little-noticed provisions in his annual letters to shareholders as chairman of conglomerate Berks. Jessefelder October 10, May 11th, To regular listeners, Mark Yusko needs no introduction.

It was just a few months ago he appeared on the podcast to discuss Gut Instinct And Why His Says We’re Headed For A Crash. This time Mark shares his thoughts on the wild popularity of passive investing, the outright disdain for hedge fund investing and his potential year bet with Warren Buffett. Follow Mark on Twitter MarkYusko and read his quarterly letters at linfographik.com Below are a few notes and links related to our conversation.

Mark’s Q2 Letter to Fellow Investors darkness.

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WARREN Buffett made a year bet.

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This is how the world’s year-old richest investor won. The year-old’s strategy has always been to avoid short-term speculation and instead stick with high-quality investments for many years, and this has delivered him a fortune north of billion. However, a bet Mr Buffett placed a decade ago is about to pay off next month, and is a valuable lesson for all investors.

Back in he bet 1 million that a low-cost fund that passively tracks America’s S P share index would do better over a decade than hedge funds, which are run by some of the so-called brightest minds in business.

INVESTING How long does it take to get rich. Over a ten-year period commencing on January 1, and ending on December 31, the SP will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.

CHALLENGER Protege Partners, LLC. STAKES 2, will go to Girls Incorporated of Omaha if Buffett wins, or Friends of Absolute Return for Kids, Inc if Protege Partners, LLC wins. A lot of very smart people set out to do better than average in securities. Warren Buffett may have bolstered Berkshire Hathaway's investment team in recent years by hiring Todd Combs and Ted Weschler, but the Oracle of Omaha is still the one making the biggest bets.

These 10 stocks are Berkshire's largest holdings as of the most recent regulatory filings. Superinvestor Warren Buffett has recommended never betting against America, noting in his letter to shareholders "For years it's been a terrible mistake to bet against America, and now is no time to start. America's golden goose of commerce and innovation will continue to lay more and larger eggs." It's also smart not to bet against Buffett himself, as he has just won a year-long, 1 million bet, gifting his winnings to Omaha nonprofit Girls Inc.

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In Warren Buffett bet investment firm Protg Partners that a fund designed to blindly follow the SP would beat a selection of funds managed by humans after a period of ten years. Warren Buffett wins his year bet that a tracker can invest better than human fund managers.

By Paul Thomas For The Daily Mail. Published EST, 9 January Updated EST, 10 January. The stock market index fund Warren Buffett picked in a bet continues to outpace a collection of hedge funds seven years into the year wager.

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The latest standings in Buffett's bet with the money managers who own Protege Partners were reported Tuesday by Fortune magazine.

Buffett made the bet in to demonstrate how hefty fees can hurt investment returns. Read MoreWarren Buffett Know when to hold 'em. The Vanguard SP Admiral index fund Buffett chose is up percent since the bet began. The five funds of hedge funds Protege picked were up roughly percent. Today we talk about how Warren Buffett destroyed a hedge fund manager in a 10 year bet. Link to join my Private Discount Email List.

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Nine years ago, Warren Buffett and I made a year charitable wager that pitted the returns of five funds of hedge funds against a Standard Poor’s index fund.

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With eight months remaining, for all intents and purposes, the bet is over.

Warren discussed the bet in this year’s annual letter to Berkshire Hathaway Inc. Shareholders, explaining that the high fees active money managers charge create a headwind relative to low-cost passive alternatives. He is correct that hedge-fund fees are high, and his reasoning is convincing. Fees matter in investing, no doubt about it. In Warren Buffett's annual letter to shareholders, released on Saturday, he discussed the ten-year bet he made in that an unmanaged, low-cost SP.

See posts here, here and here for past coverage of Buffett's famous bet. Here's what Buffett wrote about his index fund vs. Hedge fund bet in the section of his letter titled "'The Bet' is Over and Has Delivered an Unforeseen Investment Lesson" bold added Last year, at the 90 mark, I gave you a detailed report on a ten-year bet I had made on December 19, Now I have the final tally - and, in several respects, it's an eye-opener. Warren Buffett's bet against hedge funds had an 'unforeseen investment lesson'.

Legendary investor Warren Buffett, the CEO of Berkshire Hathaway BRK-A, BRK-B, writes in his newest annual letter that his ten-year-long bet with a hedge fund manager delivered an unforeseen investment lesson.

Though markets are generally rational, they occasionally do crazy things, he said. Seizing the opportunities then offered does not require great intelligence, a degree in economics or a familiarity with Wall Street jargon such as alpha and beta. Challenging Buffett’s Year Bet by Nick McCullum at linfographik.com I’m taking on Warren Buffett’s Million Dollar Bet by Joe Udo at retirebyorg.

In general, winning or losing this bet may or may not be indicative of anything. If my selections do better than the SP, I will have a lot of naysayers providing input as to why it doesn't matter that I have more money in the bank than what I would have had if I just bought SP I would probably be called lucky.

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Long Bets was seeded by Amazon’s Jeff Bezos and operates as a non-profit organization that administers just what you’d guess long-term bets. To participate, proposers post a proposition at linfographik.com that will be proved right or wrong at a distant date.

They then wait for a contrary-minded party to take the other side of the bet. When a doubter steps forward, each side names a charity that will be the beneficiary if its side wins parks its wager with Long Bets and posts a short essay defending its position on the Lon. Warren Buffett won his bet, and mainstream investors could be a bit better off or at least more knowledgeable because of it.

The billionaire from Nebraska revealed the final results of his year investment bet, in which he wagered that a humble stock-market index mutual fund could beat some of the brightest money managers on Wall Street. The results weren't much of a surprise, considering that Buffett last year revealed that he held a commanding lead. Both disclosures were made in his annual letters to shareholders as chairman of conglomerate Berkshire Hathaway.

Buffett made the bet in December. This year, Warren Buffett won his multi-million dollar, decade-long Long Bet.

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From the preacher warning that the day of reckoning is nigh, to the sports analyst prognosticating about the outcome of next week’s big game, to the fortune teller calling for hard times in Mercury retrograde, predictions are pervasive, but accountability is rare. That the vast majority of predictions fail to come true is hardly a deterrent we tend to remember the few that do.

This is a story about a prediction that was made ten years ago, on the eve of the worst financial crisis since the Great Depression, by Warre. If Warren Buffett had made the same bet in instead of, he would have lost From to, hedge funds significantly outperformed the SP, returning vs. 78 for the broad equity market index. But over the next decade the pe Mr. Buffett predicted that while hedge funds might still be able to outperform the SP in certain years, over longer periods of time, under-performance was virtually assured.

While he had long cautioned investors about active investment management in general, in the Annual Letter[3], Mr. Buffett talks about the hedge fund industry for the first time, presenting the allegory of the Gotrocks family i.e.

The American investing public, the Helpers i.e. Active managers and the new kids of the block, the Hyper-Helpers.

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Buffett’s index investment bet is so far ahead that Seides concedes the match, although it doesn’t officially end until Dec. The problem for Seides is his five funds through the middle of this year have been only able to gain a year since, compared with more than 7 a year for the SP a huge difference.

Does perform better mean produce higher returns to investors over the 10 year period of the bet? If the objective was stated specifically to beat the SP over that ten-year period, it obviously failed. Yes, Walt, that was the objective, and yes, it failed. Walt Greenway says September 18, at am. Does perform better mean produce higher returns to investors over the 10 year period of the bet. In, Warren Buffett made a million-dollar bet that a low cost stock index fund would outperform a collection of hedge funds over a year period.

He officially won at the end of Warren Buffett picked VFINX and it gained in 10 years before tax. Ted Seides of Protg Partners picked 5 hedge funds. They gained just 24 over the same period.

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Buffett placed the bet for 1 million, stating that the SP would outperform a select group of hedge funds picked by Protg Partners over the subsequent decade. With in the rearview mirror, Buffett won that bet handily. The average return of the hedge funds was.

They were boat-raced by the return of the SP over the same period. TRENDING Dershowitz Bombshell I Have Proof Obama Personally Asked FBI To Help Soros Investigate Someone.

The terms of the bet were to each put, into bonds that were predicted to appreciate into 1 million over the following. Buffett is likely a fan of the synergies created by combining two giant food companies, as well as the portfolio of high-value brand names owned by Kraft Heinz, including Oscar Mayer, Maxwell House, and Lunchables, in addition to its two namesake brands.

Wells Fargo NYSE WFC remains one of Berkshire's largest stock positions, even after the infamous fake-accounts scandal that sent many investors running for the exits. With million shares worth billion, Berkshire owns about 9 of the banking giant.

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Berkshire has actually reduced its. Warren Buffett made a 1 million bet in that hedge funds would not outperform index funds over the next 10 years.

WSJ's Nicole Friedman checks the numbers and handicaps Buffett's chances of winning the bet on Lunch Break with Tanya Rivero. The real winner of Warren Buffett’s year bet against hedge funds is Girls Inc. Buffett bet 1 million in that an index fund would outperform a basket of hedge funds over a decade.

The proceeds would go to charity, and Buffett designated his local Girls Inc. Affiliate as the recipient if he won. When the closing bell rang at the New York Stock Exchange Friday, the famed investor locked in his victory. Buffett, the chairman of Berkshire Hathaway Inc. BRK.A, + BRK.B, +, has said throughout this year that he is confident he would win. From the start of the bet through t.

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Warren Buffett talks with CNBC's Becky Quick at PurposeBuilt, a national conference sponsored by the Purpose Built Communities group that Buffett supports, in Omaha on Tuesday. Buffett discussed what philanthropy can do to help fight poverty.

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Nati Harnik, The Associated Press.

OMAHA Ten years ago, Omaha billionaire Warren Buffett was so sure that his chosen SP stock index fund would outperform a collection of hedge funds that he made a 1 million bet over it. Thanks for being a regular reader. In, Warren Buffett bet that an index fund would beat a fund of hedge funds over a ten-year period.

They are less risky than index funds are, but Warren Buffett’s bet ignores that risk. Over a year period it is more likely that the SP index will increase in nominal terms. So, funds of hedge funds have three handicaps they have to tackle to beat passive investing hedge fund fees, fund of funds fees, and their low betas, according to the Insider Monkey story, Investing in funds of funds is a dumb idea. AP Ten years ago, Omaha billionaire Warren Buffett was so sure that his chosen SP stock index fund would outperform a collection of hedge funds. Buffett and I made a year charitable wager that pitted the returns of five funds of hedge funds against a Standard Poor's index fund.

With eight months remaining, for all intents and purposes, the bet is over. Warren discussed the bet in this year's annual letter to Berkshire Hathaway Inc. Shareholders, explaining that the high fees active money managers charge create a headwind relative to low-cost passive alternatives. He is correct that hedge-fund fees are high, and his reasoning is convincing. Fees matter in investing, no doubt abo.

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Buffett also discusses his 1 million bet that the SP would outperform a basket of hedge funds over a year stretch. Buffett, who donated his winnings to a girls' charity, says investors are not getting what they pay for with active fund managers. "Indeed, Wall Street 'helpers' earned staggering sums," Buffett writes. "While this group prospered, however, many of their investors experienced a lost decade." A couple of issues were also conspicuous by their absence in this year's letter.

Buffett made no specific mention of the Federal Reser 10 Biggest Auto Companies in the World.

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Do you know who is among the world's top car companies. Warren Buffett's bet that you're better off investing in a simple fund that tracks a stock index than in sophisticated and costly hedge funds appears to be a safe one.

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Warren Buffett's letter to shareholders released Saturday showed the final scorecard of his year bet against hedge funds. It's brutal for the hedge funds. Buffett entered the bet as a sort of protest against the hefty fees that hedge funds charge clients for the promise of outperformance.

In last year's letter, Buffett said Jack Bogle, the Vanguard Group founder considered to be the father of indexing, was the person who had done the most for American investors.

"In his early years, Jack was frequently mocked by the investment-management industry," Buffett said last year. "Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned." Berkshire Hathaway. In Warren Buffett made a bet against hedge fund Protg Partners.

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Protg Partners could pick a group of hedge funds to perform against a simple SP index fund over the course of 10 years.

Buffett bet 1 million that they couldn’t outperform the simple index. So, how’s that bet looking today? Not so good given the huge run in the SP in the last few years. According to Fortune the hedge funds have returned just while the SP is up.

But it hasn’t always been that lop-sided. In fact, it looked pretty bad for Buffett in those fir.

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Warren Edward Buffett bft born August 30, is an American business magnate, investor, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US billion as of December, making him the fourth-wealthiest person in the world.

Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the.

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Here are Warren Buffett’s Top 10 Ways to get rich! Reinvest Your Profits When you first make money, you may be tempted to spend it. Instead, reinvest the profits.

Warren Buffett learned this early on. Once, when Warren Buffett was a teen, he went to the racetrack. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. He felt sick he had squandered nearly a week’s earnings. As everyone gets ready for the swing of the New Year, resolutions are promised and plans are made. Regardless of your goals for the year, it’s important to hit the ground running for the first quarter and continue to uplevel your business and your mindset.

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Mar 10, A Recap of Warren Buffett’s 10 Year Bet on the SP 3 min read On December 19, Warren Buffett made a bet with asset management firm Protg Partners that the SP would outperform a group of actively managed hedge funds over the following ten years. Warren Buffett could win 2 million from a bet he made 10 linfographik.com Sep 19, Buffett publicly wagered, and suggested a year bet.

Only one person, however, took the bet, according to the letter Ted Seides, a for.

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Year Dividend Increasing Stocks Year Dividend Increasing Stocks. These Funds and ETFS help diversify your sources of dividends. Recently hitting the interview circuit, Buffett has once again reiterated his call for the allocation. The question for investors is whether or not Buffett’s big bet on U.S. To read the Full Story, Go Premium or Log in.

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Year Dividend Increasing Stocks. Year Dividend Increasing Stocks. Buffett Flies the Friendly Skies. Buffett’s history with airline stocks is a pretty sordid affair. His first and really only bet on the sector was a famed million investment on US Airways’ preferred stock back in the late s.

To read the Full Story, Go Premium or Log in.

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Great recognition by great investor mr, warren buffet. Investment on innovation, initiation, implementation always more encouragement, profitable for investor. Identification of opportunity for investment in advance is a great innovation.

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Warren Buffett is recognized as the greatest investor of all-time because of his discipline and conservative approach to investing. Instead of focusing on the short term, Warren Buffett focuses on the long term. For every 10, invested, is a whopping 5 per year in management fees.

Here’s a Buffett quote on low costs and keeping investing simple, Both individuals and institutions will constantly be urged to be active by those who profit from giving advice or effecting transactions.

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Warren Buffett won his year bet against the hedge-fund industry by a landslide thanks to the cheap efficiency of simple index funds. Buffett made the bet as a way to highlight the hedge fund industry’s ridiculous fee structure, but the lessons extend all the way down to even the cheapest actively managed mutual funds.

Investors need to keep a sharp eye on costs and returns. It’s far too easy to overpay for underperformance, even when you’re rich.

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Fortune magazine - Remember "Buffett's Big Bet", in which the noted investor and CEO of Berkshire Hathaway maintained that an SP index fund would outperform five funds-of-hedge-funds over 10 years? Well, the results for the first lap, the agonizing year of, are finally in, and the funds-of-funds soundly whipped the index. Vanguard's SP Admiral shares, the index fund "bought" by Buffett, were down 37.

On the average, and net of all fees, costs, and expenses, the five funds-of-funds backed by Buffett's opponent, Protg Partners LLC.

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The Buffett bet had a happy ending, Both Buffett and Protg originally put around into bonds as security for the bet, which was expected to appreciate to 1 million over 10 years. The bonds appreciated faster than either party expected. In, the duo decided to purchase Berkshire shares, which valued at million.

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Ten years ago, Warren Buffett bet, that an SP index fund would beat the average of five fund-of-funds selected by the investment manager Ted Seides over the subsequent 10 years. The bet ends in December, but Seides has already conceded defeat. People have been arguing for decades over whether active management produces superior post-fee returns. The answer depends on which active funds, over which time periods, using which evaluation criteria.

Each side can cite high-quality studies and neither changes position. In bets, the parameters are set in advance, so fair-minded people.

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Warren Buffett made a 1 million bet in that hedge funds would not outperform index funds over the next 10 years. WSJ's Nicole Friedman checks the numbers and handicaps Buffett's chances of winning the bet on Lunch Break with Tanya Rivero. Subscribe to the WSJ channel here linfographik.com.

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It is now 7 years in on the year bet between Warren Buffett and a successful hedge fund manager. In, Warren Buffett challenged any hedge fund to a long-term bet against the SP He found a taker. Fortune magazine announced Buffett’s Big Bet, where 1, would go to the charity chosen by the winner. The bet would run from to That’s the portfolio carrying Buffett’s colors.

Protg’s five hedge funds of funds are, on the averagethe marker the bet usesup an estimated. The estimated takes into account that not all of the five funds have final figures for. Will this collection of hand-picked hedge funds be able to outperform a simple, low-cost index fund over the long run.

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Warren Buffett is no stranger to multibillion-dollar investments. The Oracle of Omaha has been beating the market for decades while accumulating positions in some of the world’s most popular companies. Courtesy of a new filing, we now have a peek at how the legendary investor has deployed his capital as we run up to Buffett’s Berkshire Hathaway made several big changes in the three months ending December Let’s take a look at Berkshire Hathaway’s top 10 holdings according to dollar value as of December, not including Buffett’s option to purchase million shares of Bank of America at any time prior to September for 5 billion.

He owns stock in several airlines. linfographik.com Buffett’s holding million shares.

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Warren Buffett is of course as the golden-touch investor who is chairman and CEO of Berkshire Hathaway. Each year he writes a letter to his shareholders, and along with an update on just what the firm did the previous year, he often discusses some broader point. In the last couple of years, Buffett's annual letter has harked back to a revealing bet he made 10 years in December Just to set the stage, December is the leading edge of what would become the Great Recession in and But even those who were concerned about the economy at that time were not predicting that the.

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In, Warren Buffett made a 1, bet with the hedge fund manager Protege Partners that the SP would perform better than a hand-picked selection of hedge funds.

This bet became emblematic of the battle between passive and active management. It is now, and the bet is almost over. Over the past 10 years, we have seen all types of markets, from the bear market of to the long bull market over the past 7 years.

Let’s see who is winning, and how the results apply to us ordinary investors. This was the original bet, as posted on the Long Bets website.

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Buffett has long been wary of hedge fund fees and has been on the case rather consistently over the years. Basically, after fees Buffett believes hedge funds will underperform index funds. So at the outset of, he bet Ted Seides, CFA, of Protg Partners 1 million that an SP index fund would outperform a portfolio of funds over 10 years. On 1 January, Warren Buffett and Protg Partners entered into a year bet on which would perform better an SP index fund or a portfolio of hedge funds.

As of the end of, the SP was up since the bet began, versus for the hedge fund portfolio. If Buffett prevails in, what would best describe your view on the active vs.

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Should you follow him and bet on financial ETFs? Buffett’s Berkshire Hathaway reported third-quarter holding where half of the top 10 holdings are large U.S. Bank of America BAC - Free Report, Wells Fargo WFC - Free Report, U.S. Bancorp USB - Free Report, Godman Sachs GS - Free Report and J.P. Morgan JPM - Free Report are among the top 10 holdings.

There was a new position in JPMorgan Chase worth million and Berkshire boosted its positions in Bank of America which is its second-largest holding and Goldman Sachs by 29 and 38, respectively. With this, market watchers expect the Fed to enact the fourth rate hike of this year in December. This should result in a rising rate environment and benefit financial stocks.

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Ted Seides, Hidden Brook Investments managing partner, speaks to CNBC's Leslie Picker about losing a year bet with Warren Buffett over passive versus active investing. Subscribe to CNBC linfographik.com About CNBC From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered.