In 2008, legendary investor Warren Buffett bet hedge fund manager Ted Seides $1 million that an index fund would outperform a selection of hedge funds. Eight years into the ten-year bet, Buffett and his S&P 500 Index fund are winning by a landslide.
When it comes to sports, an expanding talent pool and enhanced training techniques have caused the competition to become more fierce. However, in the world of investments, better tools and skills have little to do with performance.
Do you believe our basic abilities are genetic and unchangeable? Or do you think intelligence and abilities are malleable? Thanks to discoveries in neuroscience, we now know the brain constantly develops new and stronger neural pathways as we learn and improve.
For many, springtime is a reminder of graduations, final exams and decisions about where soon-to-be freshman will attend college. These memories can fade quickly, however, when confronted with the very real, and rising, cost of paying for college.
Every time we listen to the radio, watch TV or open our email, it seems we’re bombarded with ways to “protect ourselves from the volatile market.” Clearly, the Wall Street marketing machine has kicked into high gear, promoting the latest in whiz-bang financial products promising stability amidst uncertainty.