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Warren Buffet makes $1million bet. On what you may ask?

Warren Buffett is the second richest man in the world because of his extraordinary performance as an investor. In contrast to his skill and good fortune, he has been quoted many times that he believes most institutions and mum and dad investors are better off investing in low-cost index funds. In fact, he has instructed via his Will that his estate be invested into index funds for his beneficiaries, having said that, the bulk of his estate has been left to a charitable foundation, so the kids may only get $1 billion each. How will they ever survive? Anyway back to the bet.

Crystal-Ball-web-cropped

The Oracle of Omaha

When the media raises the subject of beating the market through astute stock picking, the name ‘Warren Buffett’ is usually cited. But what does this legendary investor actually say about the smart way to invest?