The infamous investor Warren Buffett announced a wager for $1 million in the name of charity. He is betting that he can do a better job of investing than an assortment of hedge fund managers through the S&P 500. The winner of the bet will be determined by the end of 2017.
Warren Buffett feels there are way too many expensive and mediocre investors working in a style that is shortchange. His ideas that low-cost investments should be simple by nature and thought of as long term investments is popular amongst many in the financial world. Buffett takes the approach of analyzing companies rigorously and creating portfolios that are durable. Over the decades, he has been rewarded immensely for his philosophy. There is no person in the world who has been an evangelist for retirement savings. He wants all people to get invested and stay invested.
Capital Group is headed by Timothy Armour who holds the title Chief Executive Officer. He also functions as an equity portfolio manager. For more than 34 years, he has worked in the world of investment. He has been a lifelong career man at Capital Group. It is an amazing success story that someone who started at the bottom of the company 3 decades ago managed to rise to its highest position. While working his way up as an analyst, Timothy focused on U.S. service companies and the telecommunications industry.
At the very beginning of his career, he was in The Associates Program. His talent was recognized early and he outpaced the other associates. Tim currently lives in Los Angeles, and he received his education at Middlebury College. He is a respected man within the local community of financial experts, and when he is not devoting his energy to running Capital Group, he is concerned with the welfare of others.