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Today\\u2019s show is a little different from my ongoing series of conversations with Capital Allocators.\\xa0 As you probably know, about 9\\xbd years ago I made a bet with a certain Oracle, in Omaha, that pitted the performance of a group of five hedge fund of funds against the S&P 500.

In this year\\u2019s annual letter to Berkshire Hathaway shareholders, Warren wrote extensively about his views. You can find that letter at www.berkshirehathway.com/letters.

Now I haven\\u2019t said a lot about the bet, although fairly often I\\u2019m asked how it came about, why I made the bet, what I really think about hedge funds and the market, and of course, who\'s winning.

I thought long and hard about whether to share my views publicly, and had been leaning towards staying out of the limelight.\\xa0 But my guest on Episode 2 of this podcast, Andr\\xe9 Perold, convinced me that I should share the many other investment lessons the public can learn from this exercise.

I thought a podcast would be a perfect venue to discuss my thoughts, so I asked my friend Patrick O\\u2019Shaughnessy to discuss the bet with me, and that conversation follows.

Before we dive in, I thought it might help to let you know where to find answers to some of those common questions I\\u2019m asked.

For starters, Carol Loomis, the legendary and recently retired Fortune columnist, wrote a wonderful piece called \\u201cBuffett\\u2019s Big Bet\\u201d back in 2008 that described in detail how the bet came to pass.\\xa0 You can find her piece at www.capitalallocatorspodcast.com/bet.

On that same page, you can find links to some of my written thoughts \\u2013 both at the time of the bet\\u2019s inception and two years ago. Next week, I\\u2019ll add another link with some concluding thoughts.

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For more episodes go to\\xa0CapitalAllocatorsPodcast.com/Podcast

Follow Ted on twitter at @tseides