Leading investment expert Warren Buffett has made a $1 million dollar wager, claiming he can make better investment returns than a bunch of hedge fund managers who only invest in an S&P 500 passive index fund. The wager will be settled this year and Warren Buffett is expected to come out the winner, and has promised to give the winning to charity.Warren Buffett has supported low cost and small investment deals that are held for a lengthy term. Warren Buffett has also favored bottom-up investing and building a strong portfolio. Buffett has spoken to Americans, saying they need to save even more for retirement. He has also called on Americans to get invested and stay invested.
Warren Buffett shoots down the “active versus passive” argument, saying it hurts investors instead of helping. Warren Buffett has found a way to identify strong fund managers by using a pair of filters that include low expenses and high manager ownership. The key to finding the right fund managers is to find those who invest a large amount of their own funds, which will weed out a small number of fund managers who managed to outpace their competing fund managers.Tim Armour is a investment leader who has supported some of Warren Buffett’s ideas. He is currently the Chief Executive Officer at the Capital Group.
Timothy Armour has earned more than 32 years of experience with the Capital Group. Armour started out in the Capital Group’s associates program. He originally started his career as an equity investments analyst, covering global communications and American companies.Timothy Armour received his Bachelor’s Degree in economics from Middlebury College. He was elected Chairman of Capital Group in 2015. He now resides in Los Angeles, California. He recently appeared on MSNBC and CNBC, discussing financial topics. He loves to help people invest smart.