In a recent article that was featured on CNBC, Warren BUffett’s investment strategy was discussed and his unique views were put to the test in a bet against other prominent hedge fund investors. As a demonstration that conventional investment wisdom and common investment practices were undeserving American that are retired or preparing for retirement. He feels that passive index investments are very underrated and active investments offer poor returns because of excessive trading and other associated fees.
Mr. Buffett won his bet but investment professional Timothy Armour warns against relying on taking this approach if you are the average investor. He states that passive index returns are for more financially stable individuals and offer little security to average investors.
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Timothy Armour is the CEO of Capital Group. He also serves as Chairman and Principal for a branch of Capital Group called Capital Research and Management Company Inc. He has worked his way up through the ranks of the company starting out as an investment analyst. He began working for Capital Group through their Associate’s Program. He later went on to achieve a bachelor’s degree from Middlebury College for economics. He is currently an equity portfolio manager in addition to his executive position within the company.
He has spent over 34 years with the company while perfecting his investment strategies and technique and no one knows the ins and outs of Captial Group quite like he does. Timothy Armour currently lives in Los Angeles, California with his family. He enjoys traveling all over the world with his wife and children.