Leg of ante of 1 million dollars is close half " god " of short duration of Ba Fei spy is banner

Zhong Shu of reporter of exercitation of Zhang Yu of every classics re free memory card digital cameras porter

Between the Buffett before still remembering 4 years and é of Prot é G 10 years period " are 1 million dollars betted bureau " ? Leg is close already nowadays half, arrived again this check war situation when.

Up to 2011 end, after passing fight hard of 4 years, "God " yield of values index fund is banner already nearly 6 percent, and be opposite commonplacely in the outstanding achievement when bovine city strong fund whether in next is the implementation in 6 years of days surmounted? This still is worth to expect.

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Backward to developing fund of short duration

2008, buffett and é of G of é of Prot of company of conduct financia the most popular memory laptop toshiba l transactions Partners bets: In future in 10 years (came in January 2008 in December 2017) , the general of mark of vanward group Vanguard that a low cost leads 500 indexes fund (the accrual of S&P500Admiralfund) , the index that will exceed place of é of Prot é G to install (this index mirrorred the average yield) that is opposite to pour fund by 5 of make choice of.

According to Bloomberg repor most popular selling memory laptop toshiba t, bet from January 2008 bureau begin on Feburary 29, 2012, the return rate of 500 indexes fund is general of mark of vanward group Vanguard 2.2%(is calculated with dividend reinvest) , but make an appointment with to dropping to fund 4.5% .

" daily economy news " the reporter arrives alertly, according to the agreement 4 years ago, both sides regards ante as each 320 thousand dollar, and amount 640 thousand dollar is used at buying not to have breath bond entirely, when to 2017 the bottom should bet bureau end, this is betted endowment reach rise in value about 1 million dollar. Bet success one party to will contribute this 1 million dollar to the charities that he chooses. Nevertheless, this one " bet bureau " have a premise, having relative yield must be the investor net yield that deducted the cost such as overhead expenses and poundage.

Interesting is, according to InvestHedge data, partners fund of é of Prot é G from hold water to 2007 the end of the year, its invest return rate (deduct expense) be as high as 95% , the exponential fund the corresponding period that Yuan Chao spends Buf most popular selling t mobile prepaid cards fett to choose the yield of 64% . From this angle for, bet bureau an arduous test can is to Buffett at the beginning of establishing. Nevertheless, the god appears very self-confident however, because look in him, if use long-term (reach above 10 years) average is measured, it is certain that investor buys exponential fund than buying " the fund of fund " gain profit more. 12 volt adaptor

Since March 2009, american stock market began one round from low of 12 years strong rebound. Mixed free t mobile prepaid cards 2009 2010, mark general average yield is fund of 500 indexes Admiral 26.2% with 15% , and the average yield of é of Prot é G is only 15.9% with 8.5% . 2011, diffuse because of what worry about crisis of European dominion debt, narrowed to pouring fund risk kind the clean n that asset includes a share. Show integratedly to developing fund index according to Peng Bo, to was being recorded 2011 to fund accumulative total drops the gloomy outstanding achieve most popular selling brooch pins ment of 4.9% .

"God " rate of cost of sword finger height

Why is Buffett met to what take the lead in initiating by a definite date 10 years to developing fund group long " 1 million dollar " ante?

It is reported, this results from just about long-term to pouring fund tall administration fee leads Buffett do not approbate. The way of administration fee of high to developing fund collection specified number is criticized all the time since Buffett is long-term, wei company with a ha is dropped early in · of Bai Kexi Er 2006 on annual meeting, he puts forward to be willing from dig down 1 million dollar establishs stake, bet index fund to be in 10 years period inside defeat random 10 are combined to pouring fund, premise is the administration fee that should deduct its collection to pouring fund and poundage business accounting is clean after cost yield.

Buffett thinks to collect fees to pouring fund all the time exorbitant, reduced investor net income. He call to developing fund manager " 2% with person of 20% that sides " , invest capital every year to investor collection because of them 2% as administration fee, additionally appreciation part is divided into 20% again even.

Buffett says: "Behave to developing fund whole perfectly, but the charge of fund collection is taken away very big one part redound. No matter be opposite,strong fund manager is done well still is bad, people must pay a lot of fixed fee to them. People must pay a lot of fixed fee to them..

Besides, general to developing fund manager standard commonplace also be Ba Fei one of accounts that especially big bravery establishs stake.

And come round the é of Prot é G of accept a challenge also released conquer Ba Fei's special reason on the website of LongBets. Taide Saidisi weighs collective author of é of Prot é G, the purpose that bets with Buffett is to make more people realize pair of strong fund and its operation goal, "Always do not try to pouring fund conquer market is fiducial, want t the most popular brooch pins o use a variety o free canon ef 15mm f strategy however, in an attempt to can come true below any market environments the effect of accrual. In an attempt to can come true below any market environments the effect of accrual..