Do you think that a portfolio of funds of hedge funds would outperform the S&P 500 over a ten-year period? Willing to put any money on that? Protégé Partners, LLC is. They have wagered $1,000,000 at Long Bets; taking the other side of the bet is none other than Warren Buffet himself.
Long Bets is a wagering site sponsored by the Long Now Foundation, which was set up “to creatively foster long-term thinking and responsibility in the framework of the next 10,000 years.” Pretty interesting sites.