On today's show we talk to Ted Seides. Ted is a graduate of Yale and Harvard university and he comes with multiple decades of experience in finance. For people not familiar with Ted, most might recognize him has the gentlemen that took the opposite side of Warren Buffett’s bet with the hedge fund industry. We talk to Ted about this friendly wager, how it came about, what the results were, and what he thinks about the chances of beating the S&P 500 moving forward. Something else that’s interesting about Ted is that he has extensive experience working for the famous investor, David Swensen. Swensen has been the chief investment officer for Yale’s endowment for decades and his average return for the past 20 years is 25% annually. At the end of the interview we talk to Ted about Swensen’s greatest strengths. We also ask Ted to compare David Swenson and Warren Buffett (who Ted has become friends with through the years).  Click here to get full access to our show notes.In this episode, you'll learn:·     Why anyone would make an investment bet against Warren Buffett·     Why Warren Buffett wanted to trade stock tips for a football playbook ·     The untold drawbacks of investing in index funds·     The simple secrets to legendary investor David Swensen’s outperformance·     Ask the investors: What is the best approach to teach your kids finance?