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2min chapter
The Bet
The Compound and Friends
Warren Buffett's Bet on the S&P 500
The market was up 7% a year during those 10 years as it turned out. But the hedge funds were still positive returns. So I'd say two things. Part of the reason you do fund to funds is so that you don't have that turnover. You don't have a fund that goes out of business. The funds that we picked were the same. Obviously, like a chance of one of them was ours that we were running.
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