The bet was for returns AFTER fees, though. S&P was its return minus 0.05%/yr (o... | Hacker News

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		hylaride on Aug 14, 2019 \| parent \| context \| favorite \| on: Yield Curves Invert in U.S., U.K The bet was for returns AFTER fees, though. S&P was its return minus 0.05%/yr (or whatever it is for vanguard). The hedge funds was their returns (which did suck compared to the S&P500 IIRC) minus 2%/yr plus 20% of final profits.

wil421 on Aug 14, 2019 [–]

For the individual investor Buffetts advice was still right. Unless you have millions or billions to manage.

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