Well known investor Warren Buffett has bet $1 million for a charity that he can get better investment returns than hedge fund managers. It is likely that he will win this bet. According to Buffet, there are a number of mediocre funds that are quite expensive for the average investor. As a result, many investors will benefit by seeking other investment options to secure their financial future. Over the years, Buffett has said that the best way to invest is to use a bottom up approach which consist of analyzing companies and building an extensive portfolio. Using this strategy will be vital since most people are now in charge of their own retirement.
Timothy Armour is a portfolio manager and chief executive officer of Capital Group. He is also the chairman and officer of Capital Research and Management Company Inc. Tim has spent over three decades managing investment funds and has therefore developed a considerable amount of expertise in the industry. He was named the chairman of Capital Group in the year 2016.
At the beginning of his career, Tim participated in the firm’s associates program which helped train finance professionals. Over time, he would advance within the organization and become an investment analyst at Capital Group. During this time, he specialized in analyzing global telecommunications companies and other service companies based in the United States. Tim completed a bachelor’s degree in economics from Middlebury College. This degree program gave him a considerable foundation on financial markets and how the overall economy works. He was able to apply this knowledge to his work as a finance professional throughout this career.
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