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The Buffett Challenge — hedge funds vs. index funds — 9 years on

The Buffett Challenge — hedge funds vs. index funds — 9 years on

Finance
Nearly 10 years ago Berkshire Hathaway CEO (and arguably one of the best investors on Earth), Warren Buffett, issued a challenge to the hedge fund industry — a $ 1 million bet that they could not put together a portfolio of hedge funds that would outperform an S&P 500 Index fund over a 10-year period.Buffett was convinced the combination of active stock-picking and high costs would result in lagging market performance, and he was willing to put his money where his mouth was.One company stepped up to the challenge. Protégé Partners LLC selected five hedge funds (the names of the funds have not been disclosed publicly), and Buffett selected the Vanguard Admiral Shares S&P 500 Index Fund.The 10-year period began January 1, 2008, which means we are in the final year of the challenge. W
Market Close Report: NASDAQ Composite index closes at 6,089.46 down -61.40 points

Market Close Report: NASDAQ Composite index closes at 6,089.46 down -61.40 points

Finance
Shutterstock photoThursday's session closes with the NASDAQ Composite Index at 6,089.46. The total shares traded for the NASDAQ was over 1.95 billion. Declining stocks led advancers by 3.37 to 1 ratio. There were 667 advancers and 2251 decliners for the day. On the NASDAQ Stock Exchange 18 stocks reached a 52 week high and 27 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on the Most Active Stocks page.The NASDAQ 100 index closed down -.9% for the day; a total of -50.91 points. The current value is 5,597.91. Tesla, Inc. ( TSLA ) had the largest percent change down (-5.58%) while Monster Beverage Corporation ( MNST ) had the largest percent change gain rising 1.66%. The Dow Jones index clo...