In an Article published on CNBC.com, Timothy Armor writes about how Warren Buffet is opposed to the short term investing mindset. We all know Warren Buffet as the legendary investor who has pledged billions of dollars to charity. He has recently made a bet of $1 million against a team of hotshot young investors.
He wants to teach them a lesson by showing them he can beat their hedge funds through using the passive index of the S&P 500. Buffet has long been a proponent of the idea that investments should be held onto for many years. Those who use this strategy benefit more over the long term. It is also very smart to save money for retirement according to Warren Buffet. Get your money in the market, and keep your money in the market if you want to live comfortably when you are older.
Timothy Armor is betting that the hotshot young investors have bitten off more than they can chew in this case and that Buffet will soundly thrash them in the indexes. Still, the $1 million wager is not a big deal to a man who possesses billions.
He began his career in The Associates Program at Capital Group. Now, he is the head of the company, holding the position of Chief Executive Officer. He also holds positions on the board of directors for the company. Tim has made service companies and telecom companies his specialty. He studied economics and got a degree from Middlebury College. He is a native of the city of Los Angeles and seems to really enjoy life there.
From the start of his career, Tim was recognized as someone with great potential. and he continues to distinguish himself at Capital Group.
Learn more about Timothy Armour: http://www.pionline.com/article/20151014/ONLINE/151019956/capital-group-samsung-asset-management-form-strategic-partnership-in-korea