Billionaire investor Warren Buffett used his widely-read annual letter to Berkshire Hathaway shareholders on Saturday to again call out the wasteful fees that many money managers charge. Billionaire investor Warren Buffett used his widely-read annual letter to Berkshire Hathaway Inc. shareholders on Saturday to again call out the wasteful fees that many money managers charge. “Performance comes, performance goes,” Buffett wrote. “It is a terrible mistake for investors with long-term horizons -- among them, pension funds, college endowments and savings-minded individuals -- to measure their investment ‘risk’ by their portfolio’s ratio of bonds to stocks,” Buffett wrote. Cash has been piling up at Berkshire, but Buffett said most of the businesses he looked to buy last year were too expensive.

Source: Mint February 24, 2018 15:45 UTC