https://www.bloomberg.com/gadfly/articles/2017-02-23/warren-buffett-and-investors-dislike-fees-but-maybe-too-muchA big day is coming for the faithful followers of the Oracle of Omaha. Warren Buffett’s annual letter is due out on Saturday, and he’s expected to take up the long-simmering debate about active versus passive investing. Although article does include the following, with which I disagree:
According to Morningstar data, the average expense ratio for an actively managed equity mutual fund is 2 percent a year. (I’m referring to C-Class shares because they reflect total fees paid by ordinary investors.) Really? Huh?
