It is said that there is no one better at convincing Americans that there is a need to invest more and longer in retirement then Warren Buffet.
He is so confident in his skills that he has bet one million dollars claiming that he can achieve better returns that a group of hedge fund managers by investing in an S&P 500 passive index fund, but is his strategy of only investing in passive index funds a good one? Tim Armour states that maybe it is not. Tim Armour says that the key factors to look for when investing for a high return are low expenses and high manager ownership. Fund managers who invest a lot of their money with investors are the ones who are outpacing benchmark indexes. These two key factors are what it takes to be successful when investing in the market for the long run, and passive or active has very little to do with it.
Timothy Armour holds a bachelor’s degree in economics from Middlebury College and has thirty-four years investment experience with Capital Group. When Timothy first began his career at Capital Group he started out as a participant in The Associates Program, and since then he has done work covering global telecommunications, and U.S. service companies. Timothy was officially named chairman of Capital Group on July 28, 2015.
Bruce Levenson is in a court battle with AIG, the insurance company that held the policy for the NBA’s Atlanta Hawks when Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) owned the team. According to forbes.com, Levenson and AHBE both sold their shares of the team in early 2015, but they now want compensation for having to buyout Danny Ferry, the former general manager’s contract. AHBE says they met all the requirements needed to file the claim for reimbursement, and according to their attorneys the evidence is clear that AIG was obligated to acknowledge their claim. But thus far AIG has rejected their claims, and now AHBE wants to sue for damages in court.
Bruce Levenson owned the Atlanta Hawks for 11 years when he and AHBE purchased the team in 2004, along with the Atlanta Thrashers of the NHL. Levenson started his business career back in 1977, when after graduating from American University he and Ed Peskowitz started Unified Communications Group (UCG). UCG had started with Oil Express, a newsletter that Levenson and Peskowitz published about oil and energy industry developments. But it soon evolved to multiple newsletters about various industries from healthcare to real estate and mortgage. Levenson also helped start GasBuddy, an app that helped drivers find lower gas prices in their area.
Bruce Levenson is also a philanthropist who has a passion for helping young inner city children achieve better education. According to benzinga.com, he chaired two scholarship charities at Hoop Dreams Foundation, a basketball tournament that raised money for the scholarships, and the I Have a Dream Foundation. Levenson is also a major donor to the Holocaust Memorial Museum, and even once took the whole Atlanta Hawks team and coaching staff there a few years ago. Levenson and his wife also presided as chairs over the Concert Against Hate, an event started by the Anti-Defamation League.
PRNewswire did an article about Securus Technologies. Securus Technologies is a very well known company when it comes to the criminal justice system. They are a company that specializes in making technology for public safety, corrections agencies and law enforcement. Securus Technologies is a company that works all across the United States, and they provide technology in the following areas: incident management, investigation, biometric analysis, information management, and emergency response.
PRNewswire did an article about Securus Technologies because they were able to win the Gold Stevie Award in the 11th annual Stevie Awards for sales and customer service. This is a very prestigious award to win, because there were more than 2300 nominations from organizations all across the world. There were 61 different categories when it came to customer service, and more than 53 categories were for business development achievements. There were also more than 75 members on the judging committee and they gave awards in the categories of gold, silver, and bronze.
The judges commented about the reasons why Securus Technologies was able to win the awards; they had mentioned that, ‘the role of the company is very important for the American society, and they provide good services when needed.’ They also mentioned that ‘Securus Technologies has a true commitment to training individuals on their team and to improving their results.’ The Stevie Award is one of the most competitive awards to win when it comes to business development and customer service, so Securus Technologies is definitely proud of their achievement.