A new twist on an old bet with Buffett

Ted Seides is the founder of Capital Allocators and former president of Protégé Partners. On a slow summer day 18 years ago, I began communicating with Warren Buffett about a bet that pitted the performance of hedge funds against the S&P 500. The suggestion turned into a charitable 10-year wager from January 1, 2008 to…

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China’s emissions may be falling

Tony Han Global China Unit Getty Images As the world races to cut carbon emissions in the fight against climate change, a potentially game-changing milestone may have been reached. China – currently responsible for some 30% of global emissions – saw its emissions decline in the 12 months up to May 2025. Crucially, this would…

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WPP cuts profit forecast as client spending slows

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. WPP, the London-based advertising agency searching for a new chief executive, has slashed its forecast for revenues and profits this year, blaming a “challenging economic backdrop”. The group said on Wednesday that like-for-like revenue in…

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