TIP170: A Bet with Warren Buffett - Guest Ted Seides (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Episode • Dec 24, 2017 • 43m

On today's show we talk to Ted Seides. Ted is a graduate of Yale and Harvard university and he comes with multiple decades of experience in finance. For people not familiar with Ted, most might recognize him has the gentlemen that took the opposite side of Warren Buffett’s bet with the hedge fund industry. We talk to Ted about this friendly wager, how it came about, what the results were, and what he thinks about the chances of beating the S&P 500 moving forward. Something else that’s interesting about Ted is that he has extensive experience working for the famous investor, David Swensen. Swensen has been the chief investment officer for Yale’s endowment for decades and his average return for the past 20 years is 25% annually. At the end of the interview we talk to Ted about Swensen’s greatest strengths. We also ask Ted to compare David Swenson and Warren Buffett (who Ted has become friends with through the years).

IN THIS EPISODE, YOU’LL LEARN:

Why anyone would make an investment bet against Warren Buffett.
Why Warren Buffett wanted to trade stock tips for a football playbook .
The untold drawbacks of investing in index funds.
The simple secrets to legendary investor David Swensen’s outperformance.
Ask the investors: What is the best approach to teach your kids finance?

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Education for kids, Warren Buffett’s Secrets Millionaires club.
Read more about the Berkshire Hathaway Annual Shareholder’s meeting with Preston and Stig.
Ted’s Book: So You Want to Start a Hedge Fund.

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