Molly Riley / UPI · Shutterstock.com Warren Buffett is one of the most popular, quotable investors in the world. The billionaire, now-retired former CEO of Berkshire Hathaway has a legendary investment track record, trouncing the return of the S&P 500 since 1965. He made headlines -- as he often does -- in 2007, when he famously offered to bet $1 million that he could beat the returns of any hedge fund manager over a decade by simply buying and holding an S&P 500 index fund. Before 10 years had even elapsed, the only hedge fund manager to even accept the wager, Ted Seides, threw up his hands and conceded. Buffett has also frequently been quoted as saying the S&P 500 index fund is the best option for most investors.
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