Timothy Armour offers a compelling counter-argument to Warren Buffett’s bet that he could gain more money by investing in passive index funds than active ones. Armour argues that while Buffett’s strategy is tried and true for him, that people could, and do, make more money investing in good active funds.
Of course, as is the nature of stocks, there is no way to envision which active funds will be winners in the long run. However, Armour’s advice to investors is to focus on low cost funds and investment managers that invest into those same funds.
Timothy Armour has more than 30 years of experience at Capital Group, and has been chairman for two years. Armour is chairman and principal executive officer of Capital Research and Management Company, Inc, which is part of Capital group, as well as chairman of the Capital Group Companies Management Committee. Armour has worked for Capital Group since graduating with a Bachelor’s Degree in Economics from Middlebury College. With over three decades of investment experience, he has had great success with Capital Group and attributes Capital Group’s success to every single person working for the company and ensuring that their investors are given the best experience with investing for their future.
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