American investment and financial wizard Warren Buffett made a $1 million gamble, claiming he can make better investment returns than a number of hedge fund managers by simply investing in a passive index fund. The bet will be settled this year and Warren Buffett is expected to win and will give the winnings to charity and more information click here.
Warren Buffett attributes his success to making cheap, smart and simple investments that are bought and held for a long time. Warren Buffett has been a strong advocate of “bottom-up” investing, which researches companies and builds a durable portfolio. Warren Buffett has become vocal about Americans saving even more for retirement and to begin investing and stay invested. Warren Buffett has found a simple way to filter out the weak fund managers from the strong fund managers and that is to find those with low expenses and high manager ownership.
Warren Buffett recently penned a letter to his shareholders where he tossed out the “active versus passive” debate, saying it does not help investors in the long-term. However, Capital Group CEO Timothy Armour disagrees and says mutual funds only result in poor returns because of high management costs and excessive trading. Tim Armour believes “active versus passive” investing has nothing to do with delivering positive investment returns.
Tim Armour is the current chairman and chief executive officer of The Capital Group and is the chairman of the Capital Research and Management Company. Throughout his time at Capital Group, Tim Armour has gained more than three decades of investment experience. He was previously an equity investment analyst for Capital Group, where he was responsible for covering world-wide telecommunications and U.S. service companies and learn more about Tim.
Tim Armour originally started his time at The Capital Group as a member of the Associates Program. Tim Armour was appointed chairman of Capital Group in 2015. As chairman Tim Armour has been focused on continuing to build on the successes of The Capital Group. Tim Armour was appointed chairman following the death of Jim Rothenberg, who was the chairman at the time of his death. Tim Armour has been the focal point of several articles in financial magazines and Tim’s lacrosse camp.
Other Reference: https://www.americanfunds.com/individual/news/senior-management-changes.html
Nathaniel Ru is one of three founders and co-CEOs in a restaurant startup named Sweetgreen. Ru is still quite young and has many plans to take this company forward and potentially disrupt the current fast food landscape. He was once interviewed by Fortune Magazine to talk about what he believes is important to the business. Ru said one thing he’s learned is to delegate responsibilities to others besides him and his two friends, Jonathan Neman and Nicolas Jammet (http://www.thehoya.com/nathaniel-ru-jonathan-neman-and-nicolas-jammet/). The reason is because teambuilding is fundamental and Ru admits sometimes it can be difficult to want to let go of work. He says he admires Under Armour and its leader Kevin Plank in the way they’ve branded themselves.
Nathaniel Ru’s story of cofounding Sweetgreen happened not long ago on the campus of Georgetown University. Ru, Neman and Jammet all are the sons of immigrant entrepreneurs and they wanted to create a brand in a field that hadn’t been touched before. They felt Georgetown lacked a lot of alternative food options in the salad area, so they decided to startup their own salad chain on campus. It took a little while to get going, but the company utilized a small shop on campus and survived the winter of 2007 when most students went home. Learn more: http://fortune.com/2016/02/18/sweetgreen-entrepreneurs/
In the years that followed, venture capital investors started taking an interest in Sweetgreen and Ru and his friends began opening new locations. One thing about Sweetgreen is it really doesn’t have a central headquarters, though the group most often meets in Venice Beach in Los Angeles. But Ru and his friends have never embraced central corporate control as part of their business model. They believe in getting their hands dirty and working the restaurants alongside their other employees and treating them like family.
Ru, Neman and Jammet also understand how mobile technology has played huge role in today’s business environment and want Sweetgreen to take the same role as Uber in the restaurant industry. All Sweetgreen customers can order online, a feature that’s still lacking in many of today’s restaurants. Sweetgreen now has over 40 restaurant openings and has gained over $95 million in venture capital investing. Learn more: http://knowledge.wharton.upenn.edu/article/sweetgreens-nathaniel-ru-everything-last-longer/