Hedge Funds, Buffett, and Dumb Luck

By |2020-08-25T19:30:25+00:00March 6th, 2017|Blog|

By: Matt Garrott As usual, Warren Buffett’s letter to shareholders of Berkshire Hathaway is a must-read.  It is well known that he advocates low-fee indexing for most investors.  As his famous bet with a hedge fund of funds manager winds down, Buffett unleashed both barrels on high-fee money managers: “The underlying hedge-fund managers in our [...]