$1m Warren Buffett bet

Warren Buffett bet managers of a hedge fund that a simple S&P 500 index fund outperforms their fund (accounting for fees) over the next 10 years. Buffett gives himself a 60% chance of winning and the hedge fund managers are glad they just have to outperform the S&P 500 and not Buffett. The picture of the fund managers is creepy--like a scene out of Vanilla Sky--probably not an accident.