Seides: Believed Buffett was 'the patsy' for picking the S&P 500
Ted Seides · The Bet with Buffett (Capital Allocators, EP.05) · May 2, 2017 · at 20:30
Ted Seides explains why he entered a million-dollar 10-year bet against Warren Buffett pitting a portfolio of hedge funds against the S&P 500.
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“I thought Warren was the patsy at the poker table, because he threw out the S&P as the index. I thought that was the wrong index to be picking, and it was something that was going to be an easy hurdle to overcome.”
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