Tim Armor who is the CEO of Capital Group commented on Warren Buffet’s tactic of making a brilliant investment of putting a stake of $ 1 million to charity instead of investing on costly funds which work to the investors’ disadvantage since the risk is high. He supports Warrens’ decision of making the bottom-up investment and his ability to do thorough research on analyzing companies since it results in a low-cost investment.
Buffet advised shareholders during a meeting saying how mutual funds most of the time results into poor long-run because of excessive trading and high management fees. Opportunity cost and the extent of risk are hard to foresee hence, for investors to ensure good returns, they need to make low-cost investments. He told investors to always do a thorough research on smart fund managers and learn more about Timothy.
Timothy Armour serves as Principal Chief Executive and Chairman of Capital Group which is one of the largest investment firms in the world. He is also the portfolio manager and has worked as an equity investment analyst. Tim studied at Middlebury College and graduated with bachelor’s degree in economics. His numerous years of experience is what has made him a brilliant investor. Tim has worked for Capital group for many years since the start of his career in 1983 where started by being a participant in The Associate Program and Timothy’s lacrosse camp.
Tim Armour is always advising investors with his philosophy of “staying active but remaining cool.” He encouraged investors to find active financial managers who can catch business trends. He says that many financial managers have become inactive and they are not doing enough research instead they rely on the index funds and more information click here.
The success of Capital Group can be credited to its president, Tim, since he has been known to take huge risks. For instance, Dow Jones fell 521 within a day in August 2015, scaring investors, but Amour surprised many when he stayed relaxed saying that the trend was trying to respond to a six-year bull market by correcting it, which he was proved right. Tim stands out as the best leader and an asset to the Capital Group.
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