The final scorecard for Warren Buffett's $1 million bet against hedge funds is just brutal

Warren Buffett handily won the bet he entered against hedge funds in 2007.  Buffett has written against hedge funds' hefty fees and their promise of outperformance.  During the bet from 2008 through 2017, the S&P 500 index fund Buffett picked gained 125.8%, versus 87.7% for the top-performing fund of funds that was part of the bet. Warren Buffett's letter to shareholders released Saturday showed the final scorecard of his 10-year bet against hedge funds.  It's brutal — for the...