The bet between Warren Buffet and Ted Seides (of Protégé Partners), revolved around what would perform better over a 10 year period: a low-cost index fund or a portfolio of hedge funds of funds.
I chanced across an article about the game at the end of the day on Friday. And as luck would have it, I snagged a code a few hours later (you need one to get access to the game) and started exploring. It’s pretty addictive, and I’ve already spent a lot of time this weekend with it. I’m not sure…
“Chuck Feeney is the James Bond of philanthropy. Over the last 30 years he’s crisscrossed the globe conducting a clandestine operation to give away a $7.5 billion fortune derived from hawking cognac, perfume and cigarettes in his empire of duty-free shops. […] Few living people have given away more, and no one at his wealth level has ever given their fortune away so completely during their lifetime.”
I was doing laundry the other day, and as I was putting quarters into the dryers… I came across one quarter that had a colorful side.
It was a Pennsylvania state quarter, and looks like it was created in 1999. This is the first time I’ve come across a colorized quarter before, and it kind of caught me by surprise. At first glance, I thought it was some kind of a token.
Don Johnson is a blackjack player who’s done well for himself. He’s done really well for himself, actually. He’s made nearly $15 million from three Atlantic City casinos (and won nearly $6 million in one night at the Tropicana).
The Dragon is one of the 12 zodiac symbols associated with the Chinese Lunar Calendar. Some Chinese believe their fate is closely tied to the zodiac symbols in the year in which they were born. May the Chinese expression “as you wish” bring you peace and happiness in the “year of the Dragon” and years to come.
Trust Issues is an utterly fascinating article at Lapham’s Quarterly about “Methuselah” trusts. Named after the long-lived Biblical Methuselah, these perpetual trusts are pockets of money that are meant to accrue interest over extraordinarily long periods of time.
The catch? We’re actually talking about compound interest.
I’m updating the blog over lunch, so I don’t have a time to elaborate here… but this is an absolutely fascinating article about how a select few people are gaming a Massachusetts lottery game called Cash WinFall. One example is 70 year old Marjorie Selbee and her husband: Over the next three days, Selbee bought $307,000 worth of $2 tickets…