Warren Buffett's Bet Passive Investing Beats Active Investing
By Floyd Saunders, Founder of Really Simple Investing In May of 2006, at the Berkshire Hathaway annual meeting, CEO and investor Warren Buffett spoke about the excessive fees charged by hedge fund managers for their claimed expertise in beating the market. In that annual meeting Buffett laid out a bet that the S&P 500 index fund would outperform professional managed hedge funds. The bet was this: Over a 10-year period commencing January 1, 2008, and ending December 31, 2017,