Americans have long respected legendary investor Warren Buffett, through all the deals he has made, he has become an expert when it comes to strategic investing. He now has made a $1 million dollar gamble, claiming he could make better investment returns than a team of hedge fund managers by only investing in an S&P 500 passive fund. The gamble will be resolved this year and Warren Buffett is expected to be the winner. The winnings will be given to charity.
Warren Buffett’s investment strategy is low cost and simple investments and to hold those for a long period of time. “bottom-up” investing, which analyzes companies and builds a durable portfolio, has proven to be a strong tool for Warren Buffett. Warren Buffett continues to tell Americans the need to save even more for retirement, as the economy continues to remain unsteady. Warren Buffett is also encouraging Americans to start investing and stay invested. Warren Buffett has a technique for weeding out the weak investors from the strong investors and that is to find those who have low expenses and high manager ownership.
Warren Buffett recently addressed shareholders in a letter where he fired back against the “active versus passive” debate saying it hurts investors. Capital Group CEO Tim Armour disagrees with Buffett and says mutual funds resulting in low returns is because of high management fees and excessive trading. According to Tim Armour says low costs have nothing to do with positive investment returns.
Timothy Armour serves as the chairman and chief executive officer at The Capital Group and is also serves as chairman of Capital Research and Management Company, which is a branch of The Capital Group. Tim Armour accumulated more than three decades of investment experience at the Capital Group. Tim has been an equity investment analyst with Capital Group, where he covered worldwide communications and United States service companies and more information click here.
Timothy Armour began his career with Capital Group as part of the prestigious Associates Program. Tim Armour received his economics degree from Middlebury College. He currently resides and works in Los Angeles, California. Capital Group appointed Tim Armour chairman in 2015 and learn more about Timothy.
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