Tim Armour recently made a statement concerning Warren Buffett. Buffett announced that he highly recommends passive index investments and would bet one million dollars that he could surpass any manager of hedge funds utilizing this method. However, Tim stated that this would not be the best approach because of passive index investments can typically be underestimated and unknown to the investor. Tim commented that it’s not about active or passive investment banking, but more so about delivering investments that are long term and have a low cost.
To properly identify hedge fund managers who are exceptional, an investor must choose a manager that is not afraid to invest their own money and toss out high cost funds. Tim Armour, chairman of Capital Group, started his career at The Associate’s Program at Capital and has over 32 years of experience there. He received economics bachelor’s degree at Middlebury and in 2015 Tim expressed his opinion about the U.S economy. He commented that the economy was not growing at the rate people expected and it would probably be best for investors to invest in short term interest rates versus long term and more information click here.
According to Tim Armour, global markets can change in the direction of economic growth, higher inflation, and rising interest rates. The markets have recently shown signs of struggling equities and in November, after the election of Donald Trump, the asset prices dramatically changed. Some asset managers continue to express skepticism after the election. And need further assurance that the sluggish economic growth will change for the better in the near future.
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