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

Warren Buffett Dairy Queen

 

“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