Tim Armour An Emerging New Force In The Investing World

Tim Armour, the newly appointed head of Capital Research and Management, made an audacious claim on the penultimate day of February this year. He claimed that Warren Buffett was wrong about his assertion that a simple investment left alone would show more profit that the constant changing of positions by the brightest minds in the investment industry.

It is hard to take shots at Warren Buffett whose net worth is more than some third world countries. But Tim Armour wanted to make his point as a representative of one of the most successful investment companies in the world. Armour was interviewed on CNBC by their investment staff.

Like Tim armour on Facebook.

Tim Armour was appointed to his leadership position after the unexpected death of the former chairman, Jim Rothenberg. The company’s concept of group management of accounts has been very successful and even bears their name as a management strategy. The Capital Group ranks among the world’s largest and oldest investment management firms. Currently, they are holding $1.39 trillion in assets.

With the power of his company behind him, Tim Armour is a man to be taken very seriously. If his opinion is different from that of Warren Buffett, you can be sure that he will make his individual case. And Buffett with his fortune will surely not be offended by someone’s differing opinion.

Tim Armour reflects a new type of investment manager, and his opinions and recommendations are welcomed by all investors and may even include Warren Buffett.

Source: http://citywireselector.com/manager/timothy-d-armour/d24059

Leave a Reply

Your email address will not be published. Required fields are marked *