City & County of San Francisco Employees’ Retirement System board member Herb Meiberger has some support from the Oracle of Omaha, Warren Buffett.

Warren Buffett Letter To Pension Fund Trustee: Don't Invest In Hedge Funds

 

“I would not go with hedge funds — would prefer index funds,” Buffett scribbled on the letter Meiberger wrote to Buffett, asking what the pension fund should invest in.

 

H/T PIOnline

See full letter on “Warren Buffett To Pension Fund Trustee: Don’t Invest In Hedge Funds” in PDF format here.

Warren Buffett To Pension Fund Trustee: Don’t Invest In Hedge Funds