Warren Buffett has made a $1 million dollar bet saying 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. Results of his bet will be revealed this year and Buffett appears to be the winner and is planning on giving the $1 million to charity.Buffett is an avid supporter to low cost and simple investments that are made and kept for a lengthy period of time. Warren Buffett follows bottom-up investing and building a strong portfolio. Buffett has also been vocal when it comes to encouraging Americans to save more for retirement. He also believes Americans need to start investing and stay invested.
Warren Buffett does not believe in the “active versus passive” argument, saying it hurts and not helps investors. Warren Buffett is able to pinpoint strong fund managers by using a pair of filters that include low expenses and high manager ownership. Buffett looks to fund managers who invest large amounts of their own funds and outpace the competition, which will filter out the low earning fund managers.Timothy Armour is an investment expert who values Buffett’s views and is currently the Chairman and Chief Executive Officer at Capital Group.
Timothy Armour has accumulated over 32 years of investment experience with Capital Group. Armour started his career with Capital Group in their Associates Program. He originally started out as an equity investments analyst.Tim Armour earned a bachelor’s degree in economics at Middlebury College. Armour has made appearances on MSNBC and CNBC. The Capital Group elected Timothy Armour chairman in 2015. Tim Armour currently resides in Los Angeles and is ready and willing to help people to invest the right way and help them grow their investments. Tim Armour continues to be a strong force for Capital Group.