In his annual letter to shareholders, Warren Buffett outlines his predictions for the performance of his firm, the condition of the American economy, and advice for investors of every size. For consumers looking for a place to put their money, Buffett’s words may be valuable advice:
“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.”
Read more from Warren Buffett’s annual letter to shareholder’s.