Capital Group Succeeding where others are Failing
Warren Buffett recently made a risky risky $1 million dollar wager, claiming he can make better investment returns than a bunch of hedge fund managers by only investing in a S&P 500 passive index fund. Many consider him crazy, but he is expected win this wager and will collect later this year. Warren Buffett has said the winnings will go to charity. Warren Buffett believes that many expensive funds that end up costing investors. Both Tim Armour and Warren Buffett believe low cost and simple investments should be bought and held for a long period of time.
Warren Buffett believes in “bottom-up investing” which analyzes companies and builds a strong portfolio, which has proven itself for Warren Buffett for many years. Warren Buffett is also continuing to encourage Americans to start saving more and to invest and stay invested. Warren Buffett recently sent a letter to shareholders and told them that the “active versus passive” debate does not help investors. Buffett has also said that mutual funds offer poor long-run returns because of excessive trading and costly management fees and Tim on Facebook.
Warren Buffett believes in delivering good long-term investment returns and that can be achieved by having low costs. Tim Armour does not support passive index returns being the key to a prosperous retirement. Warren Buffett has found two ways to identify strong investors, and they are low expenses and high manager ownership and learn more about Tim.
Tim Armour is chairman and chief executive officer of The Capital Group. He is also currently the chairman of the Capital Group Management Company. Tim Armour has amassed 34 years of investment experience with Capital Group. Tim Armour started out at Capital Group as part of The Associates Program. He was also an equity investment analyst at Capital Group, covering telecommunications and American service companies.
Tim Armour currently resides in Los Angeles, California. He received a bachelors degree in economics from Middlebury College. He has made several appearances on CNBC and MSNBC. He’s also been featured in several financial magazines including bloomberg and the Financial Times. Warren Buffett continues to aid those who are investing and wanting to invest and more information click here.