Buffett Balks At Hedge Funds

May 7 2007 | 9:21am ET

One of the greatest investors in history is warning that hedge funds are no silver bullet.

Warren Buffett, at a press conference following the annual meeting of his Berkshire Hathaway in Omaha, Neb., cautioned that investing in hedge funds is no way to guarantee strong returns, because their returns are misleading.


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