Warren Buffett Won a Decade-Old $1M Bet

Buffett offered to bet that over a ten-year period from January 1, 2008, to December 31, 2017, the S&P 500 index would outperform a portfolio of hedge funds when performance is measured on a basis net of fees, costs, and all expenses. Hedge fund manager Ted Seides of Proti(C)gi(C) Partners accepted Buffett's bet and he identified five hedge funds that the predicted would out-perform the S&P 500 index over ten years.