Warren Buffet, a well known entrepreneur and successful business man caught the attention of many when he wagered $1 million for charity. His call was that he could get more returns than a collection of hedge fund managers by merely putting his money in an S&P 500 passive index fund. Tim Armour, the chair and chief executive officer at Capital Group thinks otherwise.
With his investment maturing this year, there is every reason to believe that Mr. Buffet might collect on his otherwise outrageous wager. But does this mean his call is a standard that cuts across the table? No.
Things seem to be in his favor since there are many untrustworthy and inexpensive funds that give investors a raw deal. His approach of buying low cost simple investments and holding onto them for longer instead of buying into a get rich quick fad makes more sense.
About Tim Armour
Timothy D. Armour is the Director, chair and principle executive officer over of the Capital Research and Management Company. He serves as the chairman and equity portfolio manager of the Capital Group Companies, Inc.
His expansive experience and position as an investment analyst draws from his involvement in major investment analysis companies and the steady career he has had since he joined The Capital Group Companies back in 1993.
Timothy Armour joined the company by participating in The Associates Program. His educational background has a strong founding in a Bachelor’s in Economics at the Middlebury College.
Learn more about Tim Armour: https://www.thecapitalgroup.com/our-company/management-team.html