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Buffett Affirms His Index Funds Recommendation

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Saying investors should "stick with low-cost index funds," on Saturday Berkshire Hathaway Inc Chairman Warren Buffett ramped up his criticism of Wall Street.Widely considered one of the world's best investors, said in his annual letter to shareholders, Buffett 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."Buffett reasoning is most stock investors are better off with low-cost index funds than paying higher fees to managers who often underperform.http://feeds.reuters.com/~r/reuters/t...http://www.wochit.comThis video was produced by YT Wochit News using http://wochit.com

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