Posted by on Mar 5, 2018 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Wikimedia Commons


By Jason Zweig | Mar. 2, 2018 11:55 am ET


Last weekend, Berkshire Hathaway Chairman Warren Buffett spent roughly a fifth of his latest annual letter talking about what he calls “The Bet.”

What he didn’t talk about is even more interesting.

In the bet, made at the end of 2007, Mr. Buffett correctly wagered that several bundles of hedge funds selected by investor Ted Seides wouldn’t be able to outperform the S&P 500 over the ensuing decade. What Mr. Buffett didn’t mention directly in his letter is that Berkshire Hathaway didn’t outperform the S&P 500 over that stretch, either….


To read the rest of the column: 

The Wall Street Journal,




For further reading:


Jason Zweig, Your Money and Your Brain

Jason Zweig, The Devil’s Financial Dictionary

Benjamin Graham, The Intelligent Investor

Lawrence A. Cunningham and Stephanie Cuba (eds.), The Warren Buffett Shareholder: Stories from Inside the Berkshire Hathaway Annual Meeting

Alice Schroeder, The Snowball: Warren Buffett and the Business of Life

Roger Lowenstein, Buffett: The Making of an American Capitalist

Carol J. Loomis, Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013




On Warren Buffett

The Higher Wisdom of Warren


For further reading:

Warren Buffett’s annual letters to Berkshire Hathaway Inc.’s shareholders

Warren Buffett’s letters to investors in the Buffett Partnerships and other early writings