Published on 24 Dec 2023 on Moneywise via Yahoo Finance
Warren Buffett once bet $1M that he could beat a group of fancy hedge funds over 10 years — and he...
Warren Buffett once bet $1M that he could beat a group of fancy hedge funds over 10 years — and he crushed them with a technique requiring absolutely no investing skill. Here's what he did
Known for their complex investment strategies, hedge funds are typically seen as exclusive options for the ultra-rich. However, you don’t have to be among the elite to achieve comparable, or even superior, returns.
According to legendary investor Warren Buffett, there’s a very simple strategy that has the potential to outperform these complex hedge funds. Buffett was at one point so confident about this strategy that he was willing to wager a million dollars on its effectiveness.