Read time: 1 minute, 244 words. In 2007, Warren Buffett made a bold bet. He wagered $1 million that an S&P 500 index fund would outperform a portfolio of hedge funds over 10 years. A small hedge fund took the challenge. They believed their active strategies could beat the broader market. Buffett had confidence in his low-cost, passive approach. 👉🏽 Here’s who won the bet Hope it helps. -Kabir Meet Ronald Read. Janitor, gas station attendant. He quietly amassed $8 million fortune via frugal living & stocks. ⚡️ Productivity Podbooster – Automates the creation of all the marketing content you need by listening to your episode. 💰 Passive Neighbor – Rent out extra storage space. 📚 Books Beaverland: How One Weird Rodent Made America by Leila Philip. Explores the historical significance of beavers in North America, delving into how they’ve shaped landscapes, economies, & cultures. 🎵 Music Navidad! An Afro-Peruvian Jazz Christmas by Gabriel Alegria Afro-Peruvian Sextet. Infuses classic holiday music with Latin rhythms, bringing a refreshing & joyful twist to traditional tunes. Favorites: “White Christmas” & “The Little Drummer Boy.” 💭 AI Prompt 🥣 Gravy
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