Timothy Armour is one of the few financial professionals brave enough to voice criticisms of Warren Buffett’s legendary strategy for building wealth. Although Armour acknowledges that Buffett has played the market remarkably well over the decades, he notes that even his game plan has some weaknesses.
One major difference between the men’s philosophies involves actively managed funds. Whereas Warren Buffett is skeptical of their value, preferring indexed funds, Armour notes that many of the best actively managed funds have had great returns. Armour thinks this is extremely important because these days, most Americans are responsible for their own retirement savings.
Although 401ks are great instruments, there is some concern that many people don’t know how to optimize them. This is significant not only for the Baby Boomers reaching retirement age, but also for their children. Financial education is arguably more important now in American culture than ever before. Timothy Armour has seen cases of people who went from being philanthropists to needing handouts. He knows how important it is to be well prepared for upheaval.
Timothy Armour is the chairman and principal executive officer of the Capital Group Companies, Inc. Armour has built his career entirely at the Capital Group, joining the firm in 1983. Loyalty and attention to detail are watchwords with him. He takes great pride in the fact that Capital Group gets high ratings for stewardship and corporate culture. Integrity is a core value for the company under Tim.
With his unique mixture of compassion and hard-nosed business savvy, Armour continues to lead the Capital Group toward increasing success. His career was made as an analyst of telecommunications and US Service funds. With great communication skills and a keen knowledge of how to interpret research, he is one of the best performing executives in the industry. A graduate of Middlebury College, Timothy Armour resides in Los Angeles.
About Tim Armour : www.thecapitalgroup.com/us/about.html