$385 BILLION FUND CHIEF: There are too many fund managers on Wall Street
|05/14/2017||Posted by BusinessMediaguide.Com under General World News||
Investors have been pouring their money into low-cost index funds at a clip, leaving some people wondering if the active management business is dead.
Warren Buffett, the billionaire every investor looks to for advice, has repeatedly said anyone who gives their money to someone to manage is essentially throwing money away.
Business Insider recently asked Martin Gilbert, the head of Aberdeen Asset Management, a $385 billion dollar money manager, whether criticism against active management had any teeth.
In a wide-ranging interview with Business Insider, Gilbert said he agreed with Buffett in some cases.
“I think for some investors, just read more >>>