S&P 500 Index lost 10.8% in 1957, so Buffett’s investors actually thrilled to beat the market by 20.1 percentage points in 1957.īetween 19 Warren Buffett’s hedge fund returned 23.5% annually after deducting Warren Buffett’s 5.5 percentage point annual fees. That year Buffett’s hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as “fees”. His investors didn’t mind that he underperformed the market in 1958 because he beat the market by a large margin in 1957. That would have been 9.35% in hedge fund “fees”.Īctually Warren Buffett failed to beat the S&P 500 Index in 1958, returned only 40.9% and pocketed 8.7 percentage of it as “fees”. secretly invested like a closet index fund), Warren Buffett would have pocketed a quarter of the 37.4% excess return.
If Warren Buffett’s hedge fund didn’t generate any outperformance (i.e. Warren Buffett took 25% of all returns in excess of 6 percent.įor example S&P 500 Index returned 43.4% in 1958. Back then they weren’t called hedge funds, they were called “partnerships”. He launched his hedge fund in 1956 with $105,100 in seed capital. Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Apart from, of course, 7 fans who donated an average of $7 to make this “dream” come true.Ĭontinue to the next page to see the absolute biggest Kickstarter failures in history.
#Kickstart fails series
7 SpongeBall Z: The Animated Series – Season 1ĭescription: “Help fund the greatest parody web series to ever hit the net!” Except this parody was never great, because it failed to find anyone willing to back it.
This year, we’d like to hit a recording studio!” Despite having 41 backers, these ‘buddy’s’ didn’t make it… probably a huge disappointment for all the moms and dads that bet on their kids’ project! 8 Songs About Robotsĭescription: “A few buddy’s and I write and perform songs about robots for SparkFun’s annual AVC. Possibly more.” This project received an amazing amount of 118 backers! Who could have though this was even an idea? No. 9 Staring at the Cameraĭescription: “I will make a film showing myself staring at the camera for thirty minutes. Description: “I want to create a 2015 calendar of Cat Erotica.” Okay, I guess it might be interesting for Garfield and its crew but this is definitely quite disturbing for us humans… No.