City & County of San Francisco Employees’ Retirement System board member Herb Meiberger has some support from the Oracle of Omaha, Warren Buffett.
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More
“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
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