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Buffett Hits Hedge Funds While They’re Down, Faulting High Fees

By Tony Seruga

Billionaire intensifies critique of Wall Street, consultants
Meeting also included comments on derivatives, AmEx, Coca-Cola

Warren Buffett’s biggest investment tip: Be wary of fees.

At the annual meeting of his Berkshire Hathaway Inc., the billionaire warned about the enduring risk of derivatives, defended stocks in his portfolio and signaled that some of the company’s biggest subsidiaries are hitting speed bumps. But he saved a prime portion of the weekend event to argue again why investors would be better off ditching expensive money managers and consultants…

Buffett Hits Hedge Funds While They’re Down, Faulting High Fees

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