Warren Buffett says investors should stick with index funds

[February 25, 2017]  NEW YORK (Reuters) - Berkshire Hathaway Inc <BRKa.N> Chairman Warren Buffett on Saturday offered his latest critique of fund managers, saying that "both large and small investors should stick with low-cost index funds."

Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick Wilking/File Photo

"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," said Buffett, widely considered one of the world's best investors. "Both large and small investors should stick with low-cost index funds."

(Reporting by Trevor Hunnicutt)

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