Warren Buffett bet huge on index funds – here are 5 reasons why you should too.

(Photo by SMW)   Warren Buffett is the CEO of Berkshire Hathaway and widely regarded as one of the most successful investors in the world. If you’re not too familiar with him as a professional, just know that many people attempt to model their investment strategies after his. Oh, and he’s worth billions, if you’re interested in that sort of thing.   As reported by Fortune and National Public Radio (and many other outlets), about 8 years ago Buffett took a bet of $1,000,000 against Protege Partners, a money management firm.   What was the bet?   Over a 10 year time period, who can pick the more successful investment? Simple as that.   How did this bet take shape?    Buffett challenged the hedge fund world in a speech – Protege Partners took the bait.   Where do the winnings go?    The winnings (which were invested themselves – […]

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