An Old (Long) Bet Comes Due

In January, there was a post on MetaFilter about URLs, and I was reminded of this bet by Matt Haughey (who incidentally created MetaFilter). And it turns out: today’s the day that bet comes due.
In January, there was a post on MetaFilter about URLs, and I was reminded of this bet by Matt Haughey (who incidentally created MetaFilter). And it turns out: today’s the day that bet comes due.
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.
Ever since I heard about the 10,000 year clock, I’ve been fascinated by the sheer scale of the project. A few days ago, I saw an email from The Long Now Foundation, announcing that construction on the clock had begun.
If another member disagrees with your prediction, they can turn around and challenge it – turning your prediction into a bet. The minimum amount of a bet is $200 (required from both parties, though the original predictor pays $50 less due to the original fee). All money is paid at the time the bet is made, and is held in a long-term investment portfolio until the bet is resolved.