Score another win for passive investing! Legendary investor Warren Buffett is claiming victory in a bet he made a decade ago that a passive index fund would outperform a pool of hedge funds.
Also, during public television’s fundraising drive we are revisiting our exclusive two part annual outlook with Ed Hyman, Wall Street’s # 1 ranked economist for a record 36 years. He and five-star rated mutual fund manager Matthew McLennan discuss how much the financial world has changed and what it means for the U.S. economy and markets.