Quote:
Originally Posted by Hawktel
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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OK, I ADMIT I FAIL ON THIS ONE. However there is a Mutal Fund Manager that I was told about that was profitable EVERY QUARTER for 15 years. The first quarter of 2008 was the first quarter he was not profitable in. He even exceeded the duration of profitability of Peter Lynch of Fidelity fame. That is the level of difficulty of making money in this market...so I stand on that point.
The market right now is not a rational market by any measure. The parameters are all out of whack so no one knows what to expect. SPOOKED IS THE WORD