Warren Buffett made a $1 million bet in 2007: that hedge funds would not outperform index funds over the next 10 years. WSJ's Nicole Friedman checks the numbers and handicaps Buffett's chances of winning the bet on Lunch Break with Tanya Rivero. Photo: BloombergIt was a $1 million bet: Could hedge funds outperform index funds over a decade? Warren Buffett said no in 2007. His chosen index fund, the Vanguard 500 Index Fund Admiral Shares, climbed 66% from the start of the bet through the end of 2015, compared with a gain of 22% for a basket...

Source: Wall Street Journal February 23, 2017 12:00 UTC