Warren Buffet recently wagered a oool million for a charitable organization, and his wager included the sentiment that he could do better than the hedge fund managers for the charity. Buffet’s thoughts were that he could invest in a passive S&P 500 fund instead of something more daring. Tim Armour, the CEO of Capital Group has been looking at the decision and words of the ever famous Warren Buffet, realizing that he is right on some statements he made regarding these funds and more information click here.
Mr. Buffet has stated that there are too many funds out there playing in the game that are mediocre and ultimately shortchange investors in the end. Those investments that are made at low-cost, those that are simple, are the clear winners in the end for those who use them. Another way to look at this approach is what Armour refers to as “bottom-up investing”. This means that carefully analyzing companies and their portfolio is essential for ultimate success.
Armour also praises Buffet’s approach of warning people to save and invest for retirement, because there isn’t any real security out there unless you properly plan for your future finances. What Armour focuses on most is what it actually takes to get returns and have something in your hand when the rest of the crowd is falling apart and what Tim knows.
Tim Armour is the CEO of Capital Group, and is owner of American Funds, which is one of the largest investment companies in the world. Tim brings 34 years of investment management to the table, and is an equity portfolio manager. His career has been spent with Capital Group, and admirable quality of investment managers.
His start with the company was in the program known as the associates program. One of his areas of expertise is in global telecommunications and U.S. based service companies. Armour earned his degree in economics at Middlebury College and is currently based in Los Angeles and Tim’s lacrosse camp.
Other Reference: https://www.thecapitalgroup.com/us/about.html