As Chairman and CEO of Capital Group, Tim Armour works with the economy on a daily basis. He has over 30 years of investment experience under his belt. He’s also worked for the same company his entire career. Capital Group has been Armour’s home since his graduated college.
Before Capital Group, Armour attended Middlebury College. After receiving a bachelor’s degree in Economics, he applied for an associates program. The Associates Program was being operated by Capital Group. After getting a taste of the Capital Group work ethic, Armour was hooked.
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He started working for the company as an equity investment analyst. He was responsible for covering global telecommunications and U.S. service companies. He would eventually become an equity portfolio manager. As his career excelled, he was named Chairman of the company’s Management Committee. And after the loss of Jim Rothenberg, Timothy Armour was named Chairman of Capital Group.
In recent weeks, Armour has lent his opinion on Warren Buffett’s wager. Early last year, Warren bet $1 million that he could achieve better returns than any group of hedge fund managers. The hedge fund managers would be allowed to use whatever resource is at their disposal, but Buffett would only invest his money in an S&P 500 passive index fund.
Based on recent numbers, it seems as though Buffett will win. Warren Buffett is a decades’ old expert that knows more about investments than any of the young up-and-comers in the business. Mr. Buffett’s approach to investing has been proven over and over again. He’s always told people to start investing early and stay in the game as long as possible. Armour agrees that investors should buy simple, cheap investments and hold on to them for a long-term return.