The Wager of the Decade: Hedge Funds vs. S&P 500

Nine years ago Warren Buffett offered a wager that the S&P 500 would outperform hedge funds over an extended period of time. Only one individual, Ted Seides of Protégé Partners, rose to the challenge.

A Sleepless Night… Feels Like Déjà Vu All Over Again

Watching the election results I am overcome with a feeling of déjà vu. The Brexit vote was a shock for many of the same reasons as tonight’s results are a shock – the polls predicted a Clinton victory just as a Brexit Stay victory was predicted.