Chronological feed of everything captured from Ted Seides.
Ted Seides, who lost the original 10-year hedge fund vs. S&P 500 bet to Warren Buffett, proposes a structurally cleaner rematch: North American buyouts vs. the S&P 500. He argues this comparison more faithfully tests Buffett's core thesis — that fees destroy alpha — because both asset classes offer diversified U.S. economic exposure with correlated pricing. Seides quantifies private equity's structural advantages (leverage, size, control, illiquidity) as potentially closing ~80% of the fee gap, but still puts net-of-fee outperformance odds at only 40%. A formal 10-year wager starting January 1 is being explored.