Most Hedge Funds: Recreational Status Symbol for the 1%

Most Hedge Funds: Recreational Status Symbol for the 1%
AP Photo/Bozeman Daily Chronicle, Adrian Sanchez-Gonzalez

Six years ago, a fund of hedge funds guy bet Warren Buffett a million dollars that his well chosen portfolio of five funds would beat the returns of Buffett’s chosen vehicle, Vanguard S&P 500 fund.

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