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23 sats \ 0 replies \ @Jerrian 12h \ on: More Buffettology: Buffett’s Bet of the Century (FT, Robin Wigglesworth) BooksAndArticles
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.