Warren Buffet says that the population of the United States is facing a financial epidemic of sorts as the global trend showcase that most of the people do not have retirement planning that is sufficient. Warren Buffet also feels that the investment options available these days are far too volatile than previously and that people need to check where they are putting their money.
He is so confident that there is a huge contrast between the S&P 500 index fund and the hedge funds that he wagered $1 million on the bet that he can potentially generate better returns from the passive index fund than from the top five hedge funds in the market.
Tim Armour, one of the most prominent financial executives in the United States and the CEO and Chairman of Capital Group, has the same feeling about the financial market as Warren Buffet. A graduate in economics from the Middlebury College, Tim Armour joined Capital Group in an associate program in 1983. Today, Tim Armour has over 38 years of experience in the finance sector and all of these years he has stuck by with the Capital Group, which is one of the biggest financial companies in the country.
Capital Group has over $1.4 Trillion in assets under management and has collaborated with many international players in the finance sector under the leadership of Tim Armour, which includes the Samsung Asset Management from South Korea. Tim Armour continues to look for new opportunities to help Capital Group grow and expand, and penetrate new markets.