Seides Rationalizes The Bet He’s Losing To Buffett
Seven years ago, Protégé Partners Co-CIO Ted Seides took a $1 million bet with Warren Buffett over whether the average performance of five funds of hedge funds could beat the S&P 500 net of fees over a ten year period (the winner gets to choose which charity gets the money). The funds of hedge funds are getting crushed, but Seides draws on the value investing lingo that Buffett helped make famous for a tour de force rationalization.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.