Tim Armour, CEO and investment specialist at Capital Group, has been one of the leading financial specialists in the U.S. for a number of years and recently spoke of the impressive work completed by Warren Buffett in inspiring U.S. citizens to save for retirement. Armour went on to explain he agreed with the investment options completed by Buffett in finding the best possible options for making investments that include analyzing as much about each company as possible before making an investment.
The recent wager made by Warren Buffett was also discussed by Tim Armour, who believes it is at this point the billionaire has the wrong idea about the markets. Buffett looks sedt to win $1 million for charity after stating he could create a larger profit than a team of hedge fund managers based on a single S&P Index Fund passive investment, a bet he looks set to win but Armour feels the decision between passive or active investments is not the correct one to make; instead he feels long term investment success is the key to achieving a strong retirement fund.
For more than three decades, Tim Armour has been working with the Capital group, which he joined on its associates program; Armour is now President and CEO, as well as being the manager of the American Capital Income Builder fund that is worth more than $100 billion.
After taking over as the head of the Capital Group in 2015, Tim Armour has overseen a period of growth that now sees the group worth an estimated $1.4 trillion.
Learn more about Timothy Armour at http://www.investmentnews.com/article/20150729/FREE/150729863/capital-group-parent-names-armour-chairman-replacing-rothenberg.