Buffet is very critical of high investment fees and how they drag on returns, they are a rip off, use low cost funds, track the market. A hedge fund manager bet him he was wrong over 10 years. On average the hedge fund has done 22% and the market 60% . Its looking like Warren will win. The bet money has been invested all along so a charity will benefit from a windfall of 1.9 million and the truth is proven .
The billionaire investor, who is revered for his stockpicking, has already stated that he has advised his wife to invest in an S&P 500 tracker like Vanguard’s 500 Index fund if she outlives him.
“I believe the trust’s long-term results from this policy will be superior to those attained by most investors—whether pension funds, institutions, or individuals—who employ high-fee managers,” he wrote in his annual letter from three years ago.
Buffett has promised to return to the subject in his next shareholder letter, which comes out on 25 February, Bloomberg reports.
https://www.fundstrategy.co.uk/warren-buffett-unleash-active-managers-next-shareholder-letter/
The billionaire investor, who is revered for his stockpicking, has already stated that he has advised his wife to invest in an S&P 500 tracker like Vanguard’s 500 Index fund if she outlives him.
“I believe the trust’s long-term results from this policy will be superior to those attained by most investors—whether pension funds, institutions, or individuals—who employ high-fee managers,” he wrote in his annual letter from three years ago.
Buffett has promised to return to the subject in his next shareholder letter, which comes out on 25 February, Bloomberg reports.
https://www.fundstrategy.co.uk/warren-buffett-unleash-active-managers-next-shareholder-letter/
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