The Oracle of Omaha made a very public bet with Protégé Partners on December 19, 2007 that over the following 10 years, an unmanaged S&P 500 index fund would outperform a collection of five high-profile fund-of-funds. Buffett won the bet… and it wasn’t even close. The S&P 500 returned a cumulative 125.8% (or 8.5% per...Read More

It’s ‘all a bit upside down’ on market reactions to inflation outlook from CNBC.   Right now, it’s all about bond yields. The U.S. market has been extremely expensive by historical standards for several years now. Throwing out one popular valuation metric, the 10-year CAPE is sitting at 1998 levels. By some metrics (median price/sales...Read More