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When trillions of dollars are managed by high-fee Wall Street managers, it is the managers who reap the outsized profits, not their clients.

Drawn from what Warren Buffett said

What these subjects mean

management Running the place: an executive's calendar, dissent, severance, and what a manager is actually for.

stock market Equities as a whole: what returns have been, whether prices carry information, and what attention does to them.

investing Putting money into markets on purpose: what a portfolio is for, whether active management earns its cost, and what money is actually a means to.

A private bookmark. Not a position, and never counted.

What Warren Buffett actually said

Word for word, with the source under each one. They did not write this page.

  1. Warren Buffett

    Chairman and CEO of Berkshire Hathaway since 1965

    The bottom line: 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.

Added to korrents 25 Feb 2017 · How quotes work · Something wrong? Tell us

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