WTT: A New Twist on an Old Bet with Buffett

Ted Seides recounts his 18-year-old bet with Warren Buffett pitting hedge funds against the S&P 500, discussing the outcome, its unexpected consequences, and proposing a new bet: private equity versus the S&P 500. He analyzes the potential factors influencing the outcome of this new bet, considering leverage, size, control, dispersion, and illiquidity, estimating the odds of private equity outperforming the S&P 500 net of fees at around 40%. Seides plans to explore this new wager further by discussing it with podcast guests and potentially creating a new 10-year bet.