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Warren Buffett is a big proponent of a simple asset allocation strategy. He suggests putting 90% of your money in S&P500 index fund (VFIAX) and

Warren Buffett is a big proponent of a simple asset allocation strategy. He suggests putting 90% of your money in S&P500 index fund (VFIAX) and keep the rest in cash. In fact, he made a bet with a hedge fund manager that this simple asset allocation strategy would beat any other over a 10-year period.

  1. Find out information about the bet. Summarize the bet's outcome.
  2. Discuss whether/how these outcomes will shape your own retirement/investment strategy.

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