Want to Win Some of Warren Buffett's Money? Here's Your Chance

Warren Buffett's famous $500,000 bet that an S&P 500 index fund would beat a basket of hedge funds over a 10-year period is about to come to a close. However, Buffett recently said that he is more than willing to repeat the bet if anyone is particularly confident in the hedge fund industry over the coming decade.

Here's why Buffett is so certain that a simple index fund will perform better than a group of professional investment managers.

Image source: The Motley Fool.

Source: Fool.com