Berkshire Hathaway Inc (BRK.A)

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"After winning bet against hedge funds, Warren Buffett says he'd wager again on index funds"


"The chairman and CEO of Berkshire Hathaway Warren Buffett said Tuesday that passive investing works in any market environment and so he'd be willing to wager again against active investing for the next 10 years.

A decade ago, the billionaire investor made a million dollar bet that the S&P 500 will beat a basket of fund of hedge funds over the next 10 years, ending this year. He will likely win that bet by a large margin.

The S&P 500 "will absolutely kill every one of the fund of funds," Buffett said on CNBC's "Squawk Box." "Passive investment in aggregate is going to beat active investment because of fees."

https://www.cnbc.com/2017/10/03/after-winning-bet-against-hedge-funds-warren-buffett-says-hed-wager-again-on-index-funds.html