What a fantastic article. Classic Buffett, and of course he'll win over 10 years when you consider the fees involved in a hedge fund of hedge funds.
Interesting the see that the CNNMoney.com poll agrees with us:
Buffett vs. the hedge funds: Which do you think will do better over 10 years?
S&P 500 index fund 80%
A collection of hedge funds 20%
international exposure via lics eg cho, page-15
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