Published by Alexander Bueso on 26th February 2017
(ShareCast News) - Billionaire Warren Buffett has denounced "Wall Streeters" for charging "high fees" and urged ordinary investors to buy low-cost index funds. In his famed annual letter to Berkshire Hathaway shareholders, the Oracle of Omaha said: "When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients. "Both large and small investors should stick with low-cost index funds." - The Sunday Telegraph