2min chapter

The Compound and Friends cover image

The Bet

The Compound and Friends

CHAPTER

Warren Buffett's Bet on the Market

In 2007, Warren Buffett made a bet that hedge funds could never beat the market. The S&P 500 was trading at historical highs when he lost his bet. "I wrote him a letter like a, you know, on a computer, but I didn't have his email or something," Paul Tudor Jones says. 'He just made a bad bet'

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