You may have heard about a legendary bet that Ted Seides made with none other than Warren Buffett back in 2008... Ted told the Oracle that a portfolio of hedge funds would be able to outperform the S&P 500 over the next ten years. Buffett won the bet, but Ted won also - as he learned some important lessons about the industry he loved and had been so successful in.
These days, Ted is the founder and host of the wildly popular Capital Allocators podcast. He joins Michael Batnick of Ritholtz Wealth Management for a wide-ranging discussion about the state of the hedge fund industry, what went wrong and what could still go right.
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