A $91 Billion Conversation

Fortune Magazine has an exclusive sit-down conversation with Bill Gates and Warren Buffet and a couple of “speak out” sessions. Some highlights

Both predict the S&P 500 will perform below a 10% average per year over the next 7 years. From Gates:

This desire to have high absolute returns–and seeing that places like Harvard University were cleverly in alternative assets–has led to this thought that “Okay, there must be something out there returning 10%. I just haven’t found it yet.” So the fact that expectations of returns exceed reality, that’s still true today.

Gates on Economics:

It’s too bad that economics isn’t taught or a

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[Continue Reading at SavingAdvice.com]

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