American investment guru Warren Buffett has made a $1 million dollar wager, saying he could make better investment returns than a bunch of hedge fund managers by only investing in a S&P 500 passive index fund. The bet will be decided this year and Warren Buffett is expected to be the winner. Warren Buffett has said the winnings will be given to charity.
Warren Buffett has shared that he believes many expensive funds end up costing investors. Tim Armour and Warren Buffett believe low cost and simple investments should be bought and held for a long period of time. Buffett advocates “bottom-up” investing which reviews companies and build a portfolio that is strong. It is a practice that has worked for Warren Buffett for years. Warren Buffett continues to encourage people to start saving more and invest and to stay invested and more information click here.
Buffett has recently told shareholders via a letter that he does not support that the “active versus passive” debate saying it does not help investors. He believes mutual funds only offer poor long-run returns because of high cost management fees and excessive trading. Armour does not support passive index returns being the key to a prosperous retirement. Warren Buffett has found a way to filter out the weak investors from the strong investors, and they are low expenses and high manager ownership. Buffett and Tim Armour believe in finding those fund managers who are investing a large portion of their own money and learn more about Timothy.
Timothy Armour is the chairman and chief executive officer of Capital Group. He is also the chairman of the Capital Group Management Company. Tim Armour has spent 34 years with the Capital Group. Tim Armour started at Capital Group as part of The Associates Program. Armour was also an equity investment analyst, where he covered telecommunications and American service companies.
Timothy Armour currently lives in Los Angeles, where Capital Group is located. He received a bachelor’s degree at Middlebury College. Tim Armour made numerous appearances on television, including on CNBC and MSNBC. Timothy Armour has also been featured in financial magazines such as Bloomberg and the Financial Times and Tim’s lacrosse camp.
More visit: http://www.fundacity.com/timothy-armour