Warren Buffett has made a $1 million dollar wager that he 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 is expected to be settled this year and it appears that Warren Buffett will win. He has promised to give the $1 million to charity.Warren Buffett is not an advocate of the “active versus passive” argument, saying it does not help investors. Warren Buffett has found 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.
Buffett strongly supports simple investments that are purchased and held for a long period of time. Buffett advocates “bottom-up” investing and creating a strong portfolio. Warren Buffett has become vocal when it comes to encouraging Americans to save even more for retirement. Buffett has also encouraged Americans to start investing and stay invested.Tim Armour is the Chairman and Chief Executive Officer at Capital Group. Timothy Armour has gained over 32 years of investment experience, all with Capital Group. He began his career with Capital in their associates program. At the beginning of his career, he started as an equity investments analyst where he covered global communications and U.S. companies.
Tim Armour earned a bachelor’s degree in economics at Middlebury College. Tim Armour was elected Chairman of Capital Group in 2015. Timothy Armour currently resides in Los Angeles and is ready to help those who are ready to invest and advise them in any way he can help. Armour has made tv appearances on MSNBC and CNBC where he has discussed investment topics and other financial issues.