American investment guru Warren Buffett has made a risky $1 million wager, claiming he can make stronger investment returns than hedge fund managers by just investing in an S&P 500 passive index fund. The bet will be decided this year and in a surprise to many, Warren Buffett will collect and more information click here.
Warren Buffett strongly favors low cost and simple investments that are bought and held for long lengths of time. Warren Buffet favors and defends “bottom-up” investing, which analyzes companies and builds a strong portfolio. Warren Buffett has also continued to encourage Americans to save even more for retirement and to start investing and stay invested. Warren Buffett has found a way to find strong fund managers and that is separate the fund managers with low expenses and high manager ownership.
Warren Buffett recently sent a letter to shareholders where he shot down the “active versus passive” debate, saying it does not help investors. Capital Group CEO Tim Armour believes that mutual funds only result in mediocre or poor long-term returns, because of high management costs and excessive trading. Tim Armour believes low costs to good returns and “active versus passive” has nothing to do with delivering positive investment returns.
Timothy Armour is the current chairman and chief executive officer of Capital Group and also serves as chairman of Capital Research and Management Company, Inc which is part of Capital Group. Tim Armour has accumulated more than 34 years of investment experience, all with Capital Group. He was also an equity investment analyst with Capital, where he covered global telecommunications and American service companies and Tim on Facebook.
Tim Armour started his career with Capital Group as a participant in the Associates Program. He earned his bachelor’s degree in economics from Middlebury College. He currently resides in Los Angeles, California. He has been featured in several business magazines including Forbes and Financial Times. In 2015, The Capital Group was appointed Chairman of Capital Group. As chairman Tim Armour has promised to continue the successful strategies that have been put in place at Capital Group by his predecessors. Tim Armour replaces the late Chairman, Jim Rothenberg and learn more about Tim.