Comment by ANewFormation
2 months ago
This comment should not be greyed out. See the Buffett Bet [1] for the most famous example of this.
Warren Buffet bet a million against Ted Seides (head of Protege at the time) that a simple index fund investment would outperform any handpicked selection of hedge funds over a decade. And critically this bet was made in 2008 just before the market crashed! That's when hedge funds should disproportionately shine, as per their name, by hedging. In the end it wasn't even close.
[1] - https://www.investopedia.com/articles/investing/030916/buffe...
I think it would be much better if the comments here focused on the benefits of passive, long term investments in index funds. As it is, I worry people will “correct” by leaving money in a savings account instead.