According to Tim Armour, the aspect of Warren Buffet putting up cheap investment in the prospect of achieving viable long-term investments is the best choice, especially in this economic period where everyone wants to invest money somewhere.
The hedge fund is the most famous investment pool, but the way they are going about it is wrong. Warren Buffet is an investment guru himself, and Tim argues that his prospect of a more productive long-term investment than a short unsure one is the best considering the volatility of the markets. Today, people are making their own investments, and in this 401(k) generation, Warrens $1 Million stake is a sure bet.
Tim Armour was worked his way up the hierarchy in Capital Group for thirty-four years. After he graduated from Middlebury College with a BSc in Economics, he joined the conglomerate as a member in the Associates Program in 1993 and was gradually upgraded to various positions and finally to the Chief Executive Officer in 2015.
On his two cents about investment, he counsels that investors do not have to feel comfortable about putting their money on the biggest players in the industry at the moment, rather on the companies with the most potential, giving examples with Netflix and Blockbuster at the beginning of the millennium.
Samsung Asset Management and Capital Group formed a partnership with the aim of developing a resolution for retirement and asset investment choices. Tim was quoted to say the collaboration would provide a broad strategy to the investment industry in Korea.
When commenting on the September 2015 market selloff, courtesy of economic go-slow in china, Tim said it was a much-needed action, which would stabilize the markets and manage the surplus stocks and money.
People may have been worried about him filling the big shoes but he seems to be doing just fine, and the world should expect greater things from him.