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
Vijay Eswaran came from having very little cash flow while getting into the multilevel marketing corporate world in a tough Asian market, to making one of Forbes Asia’s richest entrepreneurs lists, an accomplishment he sees as no small thing. But Vijay Eswaran is about so much more than that. He’s a man who believes in helping people find inner peace with themselves and others around them. That’s why he wrote the bestselling book In The Sphere Of Silence in 2005 to explain how spiritualism is necessary in the corporate world.
The idea behind Vijay Eswaran’s book is to encourage entrepreneurs to take time away from handheld electronics and computers to spend time in silence and meditation.
Vijay Eswaran believes especially as today’s world uses more and more mobile devices the book is as relevant as ever. Eswaran has also spoken about civil rights leader Mahatma Gandhi and how he taught similar things while leading the liberation movement in India. Learn more about Vijay Eswaran: http://www.qigroup.com/about/leadership/leadership-2/
Eswaran comes from a family that worked for the Malaysian government back in the 1950s and 60s. He learned the value of listening and being generous from his father Vijayratnam, and Eswaran later honored his father by starting a foundation that upholds those values. Eswaran attended two famous business schools at the London School of Economics and Southern Illinois University.
He also spent a couple years doing odd jobs in construction and grape picking. Eswaran officially launched his famous company QI Group in 1998 and headquartered it in Hong Kong. The companies he founded under it that used direct selling through ecommerce are QNet, Q-Stride, Quex Courier, QI Lifestyle and QI Asset Management. He started giving back to the poorer regions of Asia through the Vijayratnam Foundation and RYTHM Foundation and made Forbes Asia’s 2011 Heroes of Philanthropy list.
Eswaran was also an honorary guest speaker at the famous Global Indian Meet conference in New York in 2012 where he received the New Global Indian award for his philanthropy. Eswaran is also a frequent speaker at the World Economic Forum in Switzerland. He is also married to Umayal Eswaran and spends time with his family frequently.
Click the links below to read more:
Vijay Eswaran in Forbes Philanthropy Heroes list
Dato Vijay Eswaran: From taxi driver to worth over $500 million dollars