> Warren Buffett Blog: Warren Buffett thinks S&P500 will beat most active managers but refuses a bet opportunity

Monday, October 16, 2017

Warren Buffett thinks S&P500 will beat most active managers but refuses a bet opportunity


Recently Warren Buffett told CNBC that he was willing to a new bet on Active versus Passive. So now a hedgefund has offered Warren Buffett to do that bet. The hedgefund represented by Mark Yusko believes that Active Management would beat Passive investing over the next 10 years but Buffett declined to take up the bet opportunity. He cites, 
"I think the Protege bet proved the point and has stimulated a re-evaluation of professional management. If I were to do another ten-year bet — and I regard that as the reasonable term for measurement — that would take me to 97 and not at the best point to write and talk about the results. 
There's no doubt in my mind, however, that the S&P 500 will do better than the great majority of professional managers achieve for their clients after fees."