Buffett’s bet: can a tracker trounce the hedgies?

There’s no sense in handing 1%-2% plus fees to fund managers when a cheap tracker gets results, says Stephen Connolly.

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Warren Buffett hammered home his point with a $500,000 wager
(Image credit: Copyright (c) 2012 Rex Features. No use without permission.)

There's no sense in handing 1%-2% plus fees to fund managers when a cheap tracker gets results, says Stephen Connolly.

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Investment columnist

Stephen Connolly is the managing director of consultancy Plain Money. He has worked in investment banking and asset management for over 30 years and writes on business and finance topics.