Warren Buffett has placed a bet that’s worth $1 million. It’s going to charity. The goal behind this bet is to prove that he can attain stronger investment returns that numerous hedge fund managers. Buffett believes that he can do this just by putting money into an S&P (Standard & Poor’s) 500 passive index fund. The outcome of Buffett’s wager will be determined at some point in 2017. Odds are high that Buffett is going to look smart in the end as well.
Buffett is totally right. The world is full of poor and costly funds that simply aren’t fair to investors. He’s also right when he states that people in the United States need to be putting money into retirement plans.
Timothy D. Armor works for Capital Group Companies as its Chairman. He’s also the company’s CEO (Chief Executive Officer). He’s been working in the vast investment realm for more than three decades now. Armor has been part of Capital Group for an extended stretch of time. He’s been in charge of many roles while with the firm, too. When he began at Capital Group, he served as a hardworking equity investment analyst. That’s when he was at the helm of American service firms and international telecommunications.
Armor started work at Capital Group by signing up for The Associates Program. He has a bachelor’s degree from Middlebury College in Middlebury, Vermont. Middlebury College is a widely known liberal arts institution. Armor studied economics while at the school.
Armor currently lives and works in sunny Los Angeles, California. People often call him “Tim” for short. He’s involved with many prominent groups and organizations. Some notable examples of these are the Scotia Global Opportunities Fund, the SMALLCAP World Fund, Inc. and the New Economy Fund. Armor is a dependable and industrious portfolio manager who always goes above beyond to learn more about the extensive investment world. He’s the type of seasoned professional who is never 100 percent satisfied with his achievements. He’s constantly testing new things out. He’s perpetually aiming higher to make bigger and better changes within the investment universe.
To know more visit @: www.ft.com/content/28953b12-dccb-11e6-86ac-f253db7791c6