Warren Buffett criticises Wall Street as Apple investment pays off.

The billionaire Warren Buffett, whose stock picks have turned Berkshire Hathaway into one of the most successful conglomerates in the world, criticised Wall Street on Saturday, saying investors should “stick with low-cost index funds”.

The much-scrutinised annual letter to shareholders from the man many investors call “the Oracle of Omaha” also revealed that Berkshire Hathaway’s gain on its investment in Apple stands at more than $1.6bn, after shares of the iPhone maker surged.

Unlike last year, Buffett, a vocal supporter of Hillary Clinton, did not mention President Donald Trump by name. He did, however, talk up the vibrancy of American society and its inclusion of immigrants, one of the most polarizing issues under the Trump administration....
https://www.theguardian.com/business/2017/feb/25/warren-buffett-berkshire-hathaway-wall-street-apple-annual-letter?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+USA+-+Collections+2017&utm_term=214995&subid=22113254&CMP=GT_US_collection