Financial wizard Warren Buffett has made a $1 million wager for charity, claiming he can make better investment returns than a group of hedge fund managers by only investing in S&P 500 passive index fund. The wager will be settled this year and it appears Warren Buffett will be the winner.
CEO of Capital Group Tim Armour agrees with Mr. Buffett when he says there are too many costly funds that shortchange investors. Armour supports Buffett’s commitment to low cost, simple investments. Buffett also subscribes to bottom-up investing by deeply analyzing companies and building a strong portfolio. Buffett points out that there are two things to look for when searching for premiere fund managers, low expenses and high manager ownership and learn more about Tim.
Timothy Armour currently serves as chairman and chief executive officer of Capital Group. Tim Armour also is chairman of Capital Research and Management Company. Armour has more than 34 years of investing experience, all with Capial Group. Before becoming CEO, he was an investment analyst and covered global telecommunications and American service companies.
Tim Armour began his career with Capital as a participant in the Associates Program. Tim Armour received a bachelor’s degree in economics from Middlebury College. He is currently based in Los Angeles, California. Armour serves on the board of three companies across seven different industries. Timothy Armour is the Chairman of the board at Capital Research and Management Company. Tim Armour is the Equity Portfolio Manager and Chairman at the Capital Group Companies. He is also the EVP of Capital Research & Management Company and Tim’s lacrosse camp.
Other Reference: https://www.crunchbase.com/person/tim-armour