Quote:
Originally Posted by tabs
Warren Buffet offered $1,000,000.00 to any Financial manager that could beat the S&P in this market. What does that mean..NO BODY IS MAKING ANY MONEY, everyone is losing money
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Okay you fail on this one.
Buffet set up a long bet with a pair of hedge funders that they can't beat the S+P for a 10 year period. The bet is for 1 million dollars. He's not betting anyone, just those two. And he only thinks he has a 60% chance of winning.
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Wrap me up in my old flying jacket,
And give me a joystick to hold, to hold,
And I'll soar once again o'er the trenches
And thus shall my exploits be told.
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