Elite wasted $100 bn on investment fees: Billionaire Buffett
Billionaire investor Warren Buffett has criticised investment consultants, saying that the search by the elite for superior investment advice has wasted $100 billion (₹6.7 lakh crore) over the last decade. Further, “The wealthy are accustomed to feeling that it is their lot in life to get the best food...housing, plastic surgery...you name it” he wrote in his annual letter.