Next Bet for Buffett (9/17)

Dear Mr. Buffett,

Congratulations! You are almost certain to win your bet against hedge funds.

If I may, I would like to propose that your next bet should be against the investable benchmarks. Year-to-date, the S&P 500 is up 12%, while the Income and Growth 3x (IG 3x) portfolio is up 27%.

Over a three, five, or 10-year period, you can take the S&P 500, and I will take IG 3x. We can finalize the terms quickly to highlight the extraordinary value in using leverage prudently.

Clearly, there are many complicated misunderstandings about leveraged ETFs.

Please let me know when we can plan a brief call or meeting to discuss.

Thank you, and happy (belated) birthday!

Best regards,

David Kreinces
Founder & Portfolio Manager
ETF Portfolio Management (ETF PM)

Contact us to learn more.


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