Does that mean that, going forward, the 3 - stock portfolio is a better bet than the advisor's mutual fund portfolio — and that both options are a better bet than an index fund portfolio?
An investor who panicked and only later re-entered the market would have found that his bank account at the end of the bet was a lot smaller than a hypothetical account in which he earned the index - fund returns for the whole period.»
For his part in the bet, Seides picked five funds - of - funds with interests in more than 200 hedge funds to go up against Buffett's Vanguard S&P indexfund.