At the Berkshire Hathaway 2016 Annual Shareholders Meeting on April 30, Warren Buffett updated the crowd on his bet some years ago that the Vanguard S&P 500 fund would outperform hedge funds over the subsequent 10 years. He then used a thought experiment with the crowd to demonstrate the importance of cost in the superiority of passive investing. Fascinating twelve minutes.
You can watch the clip here: http://finance.yahoo.com/video/warren-buffett-slams-hedge-fund-204127686.html
You can watch the clip here: http://finance.yahoo.com/video/warren-buffett-slams-hedge-fund-204127686.html
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