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Read about the "Superinvestors of Graham-and-Doddsville" on Wikipedia. Low risk method to beat the market which Buffett explains. Seth Klarman: "Buffett's argument has never, to my knowledge, been addressed by the efficient-market theorists; they evidently prefer to continue to prove in theory what was refuted in pract...more
We'll see who is right. Buffett made this bet with Protege Partners: “Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S & P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.” http://longbets.org/36...more
12/5/2012
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