3 Things Warren Buffet Said about Pension Problems.

• Pension problems are caused by money managers
  • exorbitant fees
  • under performing results
• $100 Billion – the amount pensions, endowments and the wealthy have lost to money managers
  • Buffet thinks $100 Billion is a conservative calculation
• All of this was reocrded in Buffet’s annual letter released last weekend

D Magazine | Warren Buffett Says Greedy Money Managers Are to Blame for Public Pension Problems

NY Times | DealB%k | Buffett Asks Big Money: Why Pay High Fees?

Warren Buffet’s Annual Letter (February 25, 2017)