Warren Buffet placed a bet which will be decided this year. Warren set $1 million for charity, and he trusts he can have more success than investing in hedge fund, by investing in an S&P 500 passive index fund. According to the prediction, there are high chances that Warren will win. Mr. Buffet argues that there are many ordinary as well as expensive investments that are likely to short change business people. He is supporting the creation of pure investment funds which will be of great advantage to investors and should be purchased and held for an extended period.
Mr. Buffet has been an advocate for saving more for retirement, as well as getting invested and staying invested. For a long time, he has been providing insight Americans on how to invest. In an open letter, Warren Buffet mentions that it is crucial l for consumers to worry about product labels. He further said the active versus passive debate is no longer important to investors. Warren clearly says it not about the active or passive, but it is about providing excellent long-term investment returns at low cost.
Timothy D. Armour, who is well known as Tim Armour, is the Chairman and also the Chief Executive Officer of Capital Group. Armour also holds another leadership post at Capital Group Companies Management Committee as the Chairman and the Principal Executive Officer of Capital Research and Management Company Inc. which is a subsidiary of Capital Group. Ti m has vast experience in the investment sector, and this has given him an opportunity to held other leadership posts including being an Equity Portfolio Manager.
After his graduation from Middlebury College with a Bachelor’s degree in Economics, Tim began his career as a participant in the Capital Group’s Associates program. He continued to work with the firm, and his hard work made him climb the career ladder. In 2015 he was elected the Chairman of Capital Group. His role as the Chairman is to calm investors as he shows them positive direction.