1.0 link 106152 <![CDATA[Warren Buffett Bets $320K That Management Fees Are Crap]]> http://www.huffingtonpost.com/2008/06/09/warren-buffett-bets-320k_n_106152.html Warren Buffett, a longtime critic of the fees charged by some money managers, has put his own cash on the line -- or, at least, a small chunk of it -- in an attempt to prove his point.

Fortune.com reports that Mr. Buffett, the legendary value investor who runs Berkshire Hathaway, has entered into a bet with a firm that runs funds of hedge funds over whether or not funds handpicked by experts can beat the S&P 500 index over 10...

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