America’s wealthiest investor Warren Buffett has wagered $1 million that he will achieve better investment returns than a bunch of hedge fund managers who only invest in an S&P 500 passive index fund. The bet will be determined this year, and Warren Buffett is expected to collect and give that $1 million to charity.Timothy Armour is one financial expert who supports Buffett’s beliefs. Buffett is committed to low cost and simple investments that are bought and held for a lengthy term. Warren Buffett is in favor of bottom-up investing and building a strong portfolio.
Buffett has also been vocal when it comes to delivering a message to Americans, saying they need to save more for retirement. Armour also agrees with Buffett when he says Americans need to get invested and stay invested.Warren Buffett has rejected the active versus passive argument, saying they don’t help investors. Warren Buffett has identified strong fund managers through a pair of filters which include low expenses and high manager ownership.
Finding fund managers who invest a large amount of their own funds will weed out a small group of fund managers who have outpaced the competition.Tim Armour serves as Chairman and Chief Executive Offer at the Capital Group. Timothy Armour has over 32 years of investment experience, all with Capital Group. He started his career with Capital in their associates program. Early in his financial career, he started out as an equity investments analyst and covered global communications and American service companies.Tim Armour received a bachelor’s degree in economics at Middlebury College. Timothy Armour has given lectures on investing across the country. The Capital Group elected Tim Armour as Chairman in 2015. Tim is based in Los Angeles and is ready to help anyone to invest the right way and advise them in any way he sees fit.