This bet ends in less than 2 years. Does anybody know what would be the result if it would end now?
edit: I guess it depends on the detailed terms that they haven't disclosed, but educated guesses are fine
edit: I guess it depends on the detailed terms that they haven't disclosed, but educated guesses are fine
http://fortune.com/2016/05/11/warren-buffett-hedge-fund-bet/
Almost impossible for Warren to lose at this point.
Markets (the major players that skew the averages) are downstream of banks who use money the Fed's pay the interest on.
His gamble is that the elite would rather give the market unlimited welfare a la Japan to keep the signals of valid global demand alive.
The Fed will not allow a correction... mostly for political reasons.
If you picked a different 10 years (say, 199X-200X or 200X-201X), I suspect that Buffet wins for most values of X, but I have not checked.