Accelerating Wealth: Unleashing Financial Freedom through the Magic of Compound Interest
@ETF Tracker:
In 2007, Warren Buffett initiated a decade-long challenge for hedge fund managers to outperform the S&P 500 index fund. After ten years, the results were clear: the S&P 500 achieved a 125.8% gain with an 8.5% annual return, outshining the best-performing hedge fund at 87% and 6.5% annually. Even the worst-performing hedge fund yielded only 21.7% with a 2% annual return. Buffett emerged victorious, affirming the supremacy of the S&P 500.Buffett attributed his success to two main factors. Firstly, he highlighted the difficulty for skilled investors to consistently beat the market. Long-term success is rare, urging investors to focus on growing alongside the market rather than outperforming it.The second factor was the management fees charged by hedge fund managers. Buffett opted