My $25,000 Bet against Warren Buffett
It takes a lot of chutzpah to bet against the greatest investor in history.
But much to my own surprise, that’s exactly the position I’ve found myself taking over the past few weeks.
Here’s how it happened…
In late February, I published an article on Marketwatch.com entitled “Has Warren Buffett Lost It?”
In that article, I casually mentioned that I didn’t think Warren Buffett would be willing to bet that Berkshire Hathaway (BRK-B) would outperform a U.S. small-cap index over the next 10 years.
I thought my bet was a no brainer.
After all, Buffett himself had recently recommended that his heirs invest their inheritance in an S&P 500 Index fund after he himself no longer holds the reins at Berkshire. And since U.S. small caps consistently outperform the S&P 500, it seemed like a slam dunk “Buffett-beating bet.”
Much to my surprise, my proposed bet was picked up as far afield as the Brazilian financial press.
Then I was contacted by longtime Berkshire investor David Rolfe, of Wedgewood Partners, who stepped in to take Buffett’s side of the bet.
Read more about how you can make a Buffett-beating bet at Eagle Daily Investor.