United States businessman and investment icon Warren Buffett placed a $1 million dollar bet on the belief that he can make better investment returns than a team of hedge fund managers, by simply investing in a S&P 500 passive index fund. The gamble will be settled and Warren Buffett is expected to be the winner. Warren Buffett will give the winnings to charity.
Warren Buffett has made it clear that he favors cheap and simple investments and holding those for a long time. Warren Buffet is known for believing in “bottom-up” investing, which involves thoroughly researching companies and building a durable portfolio. Warren Buffett has become very vocal when it comes to Americans saving much more for retirement. He also has been telling Americans to start investing and to stay invested. Warren Buffett has found a simple way of filtering out the strong fund manager from the weakest and that is by looking at those with high manager ownership and low expenses and learn more about Timothy.
Warren Buffett recently sent a letter to his shareholders where he tackled the “active versus passive” debate claiming it hurts more than it helps investors. Capital Group CEO Tim Armour rejects his argument saying that mutual funds resulting in mediocre returns is because of high costs and excessive trading. Tim Armour believes the “active versus passive” has no effect on delivering positive investment returns.
Timothy Armour is the acting chairman and chief executive officer of The Capital Group and recently became the chairman of Capital Research and Management Company, which is a branch of The Capital Group. He has gained more than 30 years in investment experience with The Capital Group, starting out as a part of the Associates Program. He then became an equity investment analyst, where he focused on global communications and American service companies and more information click here.
Tim Armour earned an economics degree from Middlebury College. He is currently living and working in Los Angeles, California. He has been featured in several financial magazines including The Financial Times and Forbes. He has appeared on television discussing his investment strategies. He continues to steer Capital Group to greater success and Timothy’s lacrosse camp.
More visit: https://medium.com/@timarmour