Buffett's Famous Bet on the S&P 500 and Hedge Funds

Buffett's Famous Bet on the S&P 500 and Hedge Funds

S
Smart Finance
2 Video Views·Jan 7, 2026

Dmitry Balyasny, founder and CIO of the $20 billion firm Balyasny Asset Management, addresses the argument that passive investing instruments outperform their active counterparts. Balyasny addresses Warren Buffett's triumphant $1 million bet in which he wagered an S&P 500 index fund would outperform a hedge fund over ten years. Balyasny spoke to David Rubenstein for an episode of Bloomberg Wealth. This interview was recorded July 12 in New York.
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