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462 | Pathfinders | JL Collins
ChooseFI
Warren Buffett's Bet and the Underperformance of Hedge Funds
Hedge funds dramatically underperformed the S&P 500 index fund in a decade-long bet, despite occasional years of outperformance. The speaker questions the rationale behind investing in hedge funds, highlighting the high fees charged even for marginal profits that do not exceed the index performance. The speaker also mentions understanding the financial incentives for hedge fund managers and employees but expresses perplexity towards investors choosing to buy into hedge funds, referencing a blog post by Ben Carlson to support his viewpoint.
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