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Most actively managed funds will underperform the S&P 500 index over a 10-year period ending 2025.

Warren Buffett·June 2026
True— Resolved June 10, 2026
How we verified this claim
Buffett's famous bet against hedge funds was decisively won. Data through 2025 shows the vast majority of actively managed funds continue to underperform the S&P 500 index.
How we reached this verdict
Buffett's famous bet against hedge funds was decisively won. Data through 2025 shows the vast majority of actively managed funds continue to underperform the S&P 500 index.
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