Buffett didn’t just win a bet he exposed an emperor with no clothes. The hedge fund world, with its mystique and massive fees, was put on trial, and the verdict came back brutal: a basic index fund could do better by doing less. It’s not just about returns it’s about honesty in a system bloated with self-congratulating middlemen. No wonder the elites hated him and the public loved him. He reminded everyone that in finance, complexity often hides mediocrity… and charges extra for the privilege.
Buffett didn’t just win a bet he exposed an emperor with no clothes. The hedge fund world, with its mystique and massive fees, was put on trial, and the verdict came back brutal: a basic index fund could do better by doing less. It’s not just about returns it’s about honesty in a system bloated with self-congratulating middlemen. No wonder the elites hated him and the public loved him. He reminded everyone that in finance, complexity often hides mediocrity… and charges extra for the privilege.