Title: 🎧Planet Money: Index Funds vs. Managed Funds: Decision-Making and the Stock Market
Course: Texas Personal Financial Literacy & Economics > Section: Unit 8: Personal Financial Literacy--Saving & Investing

Millions of people invest billions of dollars in the stock market to make their money grow. Some pool their money with other investors in hedge funds. The third richest person in the world (in 2016, at the time of this podcast), Warren Buffett, made a $1 million bet that he could beat the earnings of any hedge fund with his own investments in low-risk index funds. A hedge fund manager took him up on the challenge. Listen to the story to learn who is on his way to winning the bet and why.