(Bloomberg) Warren Buffett isn’t done criticizing hedge-fund managers for wasting clients’ money. At the annual meeting of his Berkshire Hathaway Inc. he again pressed the argument that, in aggregate, investment professionals aren’t worth their fees — and that people would be better off sticking their money in a low-cost index fund. He also challenged how hedge fund managers are paid.
Buffett Says Money Spent on Plumbers Better Than on Hedge Funds
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