While commenting on an article published on CNBC, Tim Armour supported the idea of bottom-up investing, saying that it is a low cost and simple investment that would be held for a long term. The article posited that Warren Buffett was wrong to invest $1 million in charity. Unlike hedge fund managers, Warren focuses on achieving better returns by investing in an S&P 500 passive index fund.
According to Timothy, this strategy has delivered results in the past decades, compared to the mediocre funds that are expensive to the investors. Tim challenged the assumption that passive index return is the solution for a better retirement by arguing that index funds do not survive down markets. Many investors are unaware that with index funds, they are exposed to 100 percent of the losses when markets crash.
About Timothy D. Armour
Timothy D. Armour is the chairman of Capital Group of Companies. He is also the chairman of the company’s management committee, and Capital Research and Management Company, a subsidiary of Capital Group. Capital Group is among the leading investment management firms in the world, and home to American Funds. Tim was appointed to serve as the company’s chairman in 2015. Over the years, he has been overseeing the overall business strategies and operations of the company. Timothy assumed his role after the death of the former chairman, Jim Rothenberg.
For over 32 years, Timothy has been working for Capital Group. He has gained immense knowledge and expertise in the competitive financial industry. The company strives to deliver superior investment products and services to its clients. Timothy started his career by participating in the company’s Associates Program before becoming an equity investment analyst where he focused on global US service companies. The Los Angeles-based portfolio manager is an alumnus of Middlebury College where he earned his B.S in Economics.
Learn more about Tim Armour: https://www.ft.com/content/28953b12-dccb-11e6-86ac-f253db7791c6
Betsy Devos is a woman with a heart of steel and the courage of a lion. Many obstacles have been placed on her path but she has remained focused on helping reform the American educational system. As the secretary of education, the criticism has intensified, and she has become accustomed to scrutiny. Hailing from one of the richest family in the US, Betsy is used to such attention especially due to the political donations that her family makes. Moreover, the family is known for its donations to the non-profit organizations around the world. Betsy Devos has been married to Dick Devos for over three decades. During this period, Betsy and her husband have made donations of over $130 million to non-profit organizations.
According to reports obtained from Internal Revenue Service by the Forbes Magazine, the Devos family has spent a quarter of their wealth with the less fortunate in the society. With an estimated wealth of $5.6 billion, the family has made donations of over $1.5 billion. During the nomination process to be secretary of education, it was revealed that Betsy Devos and her family made contributions of over $12 million in the year 2015. These donations were made through the Dick and Betsy Devos Family Foundation. In all these donations, Betsy is known to involve her children.
According to experts, donations made by the Devos are geared towards certain causes such as education. In fact, 26 percent of the donations go to education with another 3 percent going to small groups that support education reform in the United States. According to Betsy Devos, she became involved with transforming the educational sector as she felt that the current system was not helping American children fulfill the American dream. She also felt that children from the marginalized areas were in a disadvantaged position and could not realize their potential. Despite all the challenges facing the current system, Betsy Devos acknowledges the teachers and administrators who have devoted their life to changing the current system.
Experts also say that the donations made by Betsy Devos also focus on culture and arts that take 21 percent of the share. Other beneficiaries of her donations are churches, health, and human services, leadership and development as well as public policy and the community. Schools that have benefited from donations made by Betsy Devos include John F. Kennedy Center for the Performing Arts, Rehoboth Christian School, West Michigan Aviation Academy as well as Ferris State University.
The things that Betsy Devos stands for when it comes to the education center is Christian motivation, school choice, school vouchers and the grading system. As a business woman, Betsy Devos has been involved with Windquest Group as the chairwoman. She was also involved in the production of a stage play called Scandalous.
Follow Betsy on twitter.com.
I learned today that Securus Technology, a provider of civil and criminal justice technology in the United States, announced a new technology that it calls Wireless Containment Solution. This company provides its services to correctional facilities and law enforcement agencies across North America including the United States, Canada, and Mexico.
I saw the news that they went live with their Wireless Containment Solution, which will prevent inmates from using wireless devices to communicate with the outside world and each other. This technology not only prevents the devices from working it also provides correctional staff with the electronic identity of the device as well as additional intelligence so that the investigation can result in preventing and solving crimes using these types of devices.
Securus Technology’s competitors have similar technology but their products can only identify the signals, not block them from working. Richard Smith, the Chairman and Chief Executive Officer of Securus Technology, said that his company’s technology will control and manage these contraband devices while at the same time allow correctional officers and staff devices connectivity. Smith went on to add that he has heard from correctional facilities that unauthorized cellphones represent a grave threat to not only the staff but can be used by prisoners to engage in illegal activity both within the facility and in the broader community.
I learned that more than 1.2 million inmates are in facilities that use the technology solutions that Securus Technology provides. Among the technological solutions they offer are incident management, communication, information management, inmate self-service, biometric analysis, and monitoring devices and services.
Securus Technology was originally founded in 1986 as Tele-Matic Corporation. I found out that the company renamed itself as T-Netix, Inc. and after a series of acquisitions in 2004 it merged with another big player in the correctional industry, Evercom Systems Inc. After the merger the company was again renamed, this time to its present name of Securus Technology, Inc. The company has acquired a number of other companies in the industry since including DirectHit Systems, Inc., a provider of investigative and data management tools, Archonix LLC, Satellite Tracking of People, LLC, and JLG Technologies among other companies. Today the company is able to fulfill all the technology needs of its clients and routinely updates its products and services to provide even more support.
PodcastOne was founded by Norman Pattiz. A special feature was in Global Change Makers in May 2016 that Norman Pattiz greatest hits. He has over 40 years of experience in the radio field. Norman Pattiz has founded one of the United States largest providers in the entertainment, news, sports, traffic and talk in the radio industry.
Courtside Entertainment Group was founded and launched in 2010. Pattiz seen so many opportunities within the radio industry that he acted on it. PodcastOne was launched at the end of the year in 2012. The company was a huge success and became the main distributor in audio programming. PodcastOne features a lot of celebrities such as Chris Jericho, Steve Austin, Shaquille O’Neal, and countless others.
When President Clinton was in office, he appointed Norman Pattiz to serve on the Broadcasting Board of Governors in 2000. He was appointed again in 2002 by President Bush. Pattiz’s responsibilities included launching the U.S. Arabic language radio and TV to more than 20 countries in the Middle East.
Norman Pattiz was initiated into the National Radio Hall of Fame in 2009. He was awarded the Giants Broadcasting Award by the Library of American Broadcasting. He currently serves on the board as Chairman of the Lawrence Livermore and Los Alamos National Laboratories. Pattiz holds the title of Regent at the University of Calif., and is a councilman of the Foreign Relations and Pacific Council of International Relations. He currently resides in Beverly Hills with his wife, Dr. Mary Turner Pattiz.
On an interview he had done, several questions were posed. Pattiz collaborated with Kit Gray to begin production on PodcastOne in the beginning stages. His typical day revolves around him involving himself in every aspect of his small business. Norman Pattiz named several people that influenced his views. Pattiz said that one strategy that helped his business become successful was being the first at work every morning and the last to leave every night. His heroes are his former, first boss in sales with media, Steve Ross and Bill Paley. Even though his heroes had passed already, everything that he gained from them is irreplaceable.