Billionaire Buffett has a habit of being right: Winton CEO
David Harding, CEO of hedge fund firm Winton Capital, while defending his company against Warren Buffett's criticism of hedge fund fees said Buffett has a "habit of being right". However, Harding claimed his firm's business offered lower fees and creditable returns. Buffett had said low-cost index funds are a better option than paying higher fees to managers who often underperform.