Warren Buffet has bet the principal in the hedge fund Protégé Partners, that an S&P 500 Index Fund will yield higher returns than the net average returns (less management fees) of any five hedge funds of his choice. The amount of the bet: $1m and the proceeds going to charity. – Fortune

The orange juice futures market is a better predictor of Florida’s weather than the National Weather Service. A 1984 paper by UCLA finance professor Richard Roll.

We recently had the opportunity to buy a house and the person who was recommending it to us mentioned one of the downsides to the house which is why I’m writing this article. The downside he mentioned is that we would be the first ones buying into this residential colony at this price. The last [...]