Tim Armour believes Warren Buffet made a wise decision to invest $1 million for charity. Mr. Buffet intends to get more investment returns than usual. He feels this strategy will grant better return compared to investing through hedge fund managers. Mr. Armour agrees that the financial markets are characterized by numerous investors that are not fruitful.
Mr. Buffet’s strategy of approaching investment business from bottom to top is wise. He analyzes companies and builds strong portfolios.
This approach has proved to work well year after year. Another practical plan is to commit to low and simple investments and hold on them for a long duration. Mr. Buffet cautions investors to be aware of products that do not serve them. These products are mediocre and will certainly give a low return.
Although some predictions are possible, no exact method can guarantee funds that will outperform. It indicates that investors ought to identify a way of identifying fund managers who are performers. The most suitable choice is locating managers who invest their money as they do it for their clients. Mr. Armour advises people to invest for the sake of their retirement years.
Timothy Armour is the chairman and CEO of Capital Group. He is also a successful investment manager. In fact, Mr. Armour is one of the largest managers globally. Capital Group is the mother of American Funds. It is a worldwide performer in investment management. Mr. Armour’s experience is extensive as he has been in this industry for about thirty four years.
After completing a bachelor’s degree in Economics, Mr. Armour joined The Capital Group Companies in 1983. He started as an associate and worked hard to achieve his present success. In his career, he has served as an equity investment manager. During this position, he handled USA service companies and global telecommunication.
Apart from being an investment manager, Timothy is a good leader. He will continue to serve with his team of executive members in the committee. Their aim is to continue enforcing business strategies and monitoring operations. The company has a particular success plan that it follows. Timothy Armour succeeded the late Jim Rothenberg. It is evident that the company has a particular succession plan.
China stocks were dropping in September 2015. It caused concern because China’s decline may affect its trading partners in the world. China devalued its currency and interest rates. It also reduced reserve requirements for banks. This strategy aimed at managing investors and boosting the economy. These measures shocked the financial markets. Initially, markets had been rising in most parts of the world. Although USA markets were fairly valued, some companies and sectors had stretches in their valuations. Armour perceives positively about this market selloff. Because it removes excesses and it is a form of correction.
Tim Armour believes in the market changes after Donald Trump became president. According to him, they are real, and the economy is growing rapidly. Interest rates have decreased, and this is a good sign for Mr. Armour. Other asset managers may be doubtful because it has never been this way since the financial crisis happened. It may sound too good to be true but time will reveal the actual outcome.
Mr. Armour has a responsibility of maintaining and elevating the performance of the company. He needs to be decisive and identify a clear path forward. Since the company began, all members have worked as a team. Particularly, the talent pool of the associates aims at achieving the company’s mission. Considering Tim Armour’s strong record of performance, it is expected that the company will continue leading in the global scene.