Warren Buffett is betting $1 million that he can make better investment returns than a group of experienced hedge fund managers, by only investing in S&P 500. The bet will be decided and if he wins, the $1 million will go to charity. Mr. Buffett has been a strong supporter of bottom-up investing. Buffett is dedicated to making Americans aware that they need to save more for retirement and become investors.
Buffett recommends low cost investments that are bought and held for a lengthy term. Warren Buffett has spent his life rigorously examining companies and building a lengthy portfolio. While nobody can predict the future, focusing on low expenses and high manager ownership can help find premiere fund managers.
Timothy Armour is a equity portfolio manager in Los Angeles. He has 32 years of investment experience at Capital Group. Armour earned a bachelor’s degree in economics from Middlebury College. He previously was employed as an equity investment analyst at Capital Group, where Tim Armour covered global telecommunications and American companies.
When it comes to the U.S. economy, Armour believes it is not growing as strongly as many expected it to be. China’s economy was the only one to remain strong during the financial crisis.