This was a bet made a few years back that the S&P 500 index would outperform a fund of funds. Buffett’s premise of course was that due to the excessive fees charged by the fund of funds, over time it is very likely the S&P 500 which is very low in cost would outperform. It is essential to understand what you are investing in and what fees are involved. There are a lot of schemes in the investment world with high fees that you can pretty much guarantee won’t be successful over a period of time, primarily due to the fees, that are sold to unsuspecting clients on a daily basis by cunning salesmen. The question you should ask your investment professional is “What are you doing with your money, or your family’s money?”
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.