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发表于 2015-2-13 12:15 PM
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本帖最后由 jamesmith 于 2015-2-13 12:23 PM 编辑
dividend_growth 发表于 2015-2-12 10:13 PM 
一败涂地
a big chunk of underperformance come from fees. Majority of hedge funds can't beat S&P after fee in the long run.
This guy (Ted Seides, the one that made bets with Buffett) published a 8 pages, 3 charts, 11 footnotes essay to CFA Institute explaining he is losing because of Unanticipated Conditions! Sounds like a bunch of excuses from someone losing a bet :D
Yes hedge fund managers cannot predict the future, but dude, Buffett can't predict the future too~ Look at how much the hedge funds are charging, even they are underperforming the market! |
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