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Invest Like the Best with Patrick O'Shaughnessy
Ted Seides - The Bet with Buffett – Hedge Funds vs. The S&P 500 - [Invest Like the Best, EP.35]
May 2, 2017
Ted Seides discusses his famous bet with Buffett, comparing hedge funds to S&P 500. Topics include origins of the bet, nuances, fees, indexing, and asset allocation. They reflect on Berkshire shareholder meetings, valuation impact, market dynamics, and skill in investing. Exploring permanent equity investing and public market portfolio strategies, they compare S&P 500 returns and investor discipline.
01:11:29
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Quick takeaways
- The podcast highlights the backstory and outcome of the bet between Ted Seides and Warren Buffett, showcasing Buffett's subtle references and ultimate announcement of results.
- The distinct exposures of hedge funds versus the S&P 500 are dissected, emphasizing the challenges in comparing diverse hedge fund exposures to the straightforward market exposure of the S&P 500.
Deep dives
Origin of the Bet and Warren Buffett's Handling of Results
The podcast delved into the backstory of the bet between Ted Sides and Warren Buffett, exploring how the bet originated from a series of exchanges between them, including letters and negotiations. Warren Buffett's handling of the bet's results was highlighted, showcasing his subtle references to the bet during annual meetings and the ultimate announcement of the bet's outcome.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode