[anonu]

So Buffett's $1M bet wasn't enough to convince you that passive beats active?

Hedge fund are basically a compensation scheme masquerading as some sort of smart money management thing.

What's great is that the debate of passive vs active will go on forever - There will be periods where one outperforms the other - sure. But in the end, net of fees - active cannot win consistently, on average. Its human nature to believe we can beat the casino.