Warren Buffett has many times that there are far too many actively managed funds that do their investors a big disservice with excessive fees, too much trading, and performance that can’t even beat the market. He advises buying a low-cost index fund that follows the S&P 500 as his preferred strategy.
Tim Armour, the CEO and Chairman of the Board for Capital Group, has said that he agrees with Mr. Warren Buffett that many actively managed funds are mediocre at best. However, he says that there are ways to find active funds that provide great returns, The trick, he said, is to find ones that have low fees and, most importantly, have a large part of the fund managers own personal funds invested in it. He said that, by having skin in the game, these fund managers are motivated to do the research required in order to beat the market and deliver superior returns.
Tim Armour has been a long time advocate of investors looking for active fund managers who “earn their keep”. He says that if the manager can’t beat the market their clients need to find someone who does. He has pointed out that many of the actively managed funds that Capital Group offers beat the market both in the short and long term.
The company that Tim Armour leads, Capital Group, is one of the oldest investment management firms in the world. The company was founded in 1931 in Los Angeles, California. Mr. Armour also responsible for the company’s other offices that are located around the world.
Learn more about Tim Armour: https://littlesis.org/person/51109/Timothy_D_Armour
Anthony (Tony) Petrello has achieved mega success in the oil industry. He is the very wealthy CEO of Nabors Industries, a company that contracts oilfield services to other oil firms. Globally, Nabors is responsible for about 500 drilling rigs. That level of responsibility keeps a CEO busy; however, Tony’s has many other things on his mind.
One could argue that Petrello’s primary focus is his daughter Carena Francesca.
Anthony and Cindy’s baby girl was born at 24 weeks, weighed 20 ounces, and has a disease common to premature infants. Carena has periventricular leukomalacia, or PVL, a problem that develops because blood and thus an adequate quantity of oxygen don’t get to the brain during the growth of the fetus. The lack of oxygen causes neurological issues.
Read more about Anthony Petrello on Bloomberg and LinkedIn.
The first step in caring for Carena was a series of operations to save her heart and her sight. Soon after the surgeries, Carena developed cerebral palsy and other developmental problems. Her issues presented the Petrello’s with the realities of raising a child who faced a life filled with significant challenges.
For example, as Carena grew she began losing the ability to do things she had been doing. She learned to talk and then at around five lost the ability. Today, like many other kids afflicted with PVL Carena can only stay mobile using a wheelchair and she can’t feed herself.
Her parents, Tony and Cynthia Petrello began by learning about the diseases associated with PVL and adjusted their expectations. Each new experience served to increase their awareness of what was necessary to care for kids like Carena. The financial and personal costs are extraordinary and certainly not something parents ever dream will happen to their child. Carena’s parents began an investigative journey across the country to find a pediatric research institution that could help.
Their exhaustive search led them to conclude that translational research on an enormous scale is the only approach that would make a significant difference and no one was doing any. Tony and Cindy started working with a research facility at Texas Children’s Hospital and donated $5 million. The plan aimed the money at studying neurological problems in children and finding solutions. The Petrello family’s new goal is to raise $7 million.
Learn more about Anthony Petrello: https://www.bcm.edu/news/genetics/brain-heart-link-explain-sudden-death-in-rett
In the recent GulfNews article, Sharmila Dhal writes about the exciting Autism Rocks Festival founded by Usha and Sanjay Shah, a couple from Dubai. Spurred by the diagnosis of Autism their son, Nikhil, one of three, received, the couple felt urged to encourage research into why individuals develop this developmental disorder and what can be done about it in the future. One of their imperative goals is to change the way those with Autism are perceived and treated in society.
Autism Rocks is a charity that was founded in 2014, as well as a live concert. In the past, performers such as Drake, Lenny Kravitz, Michael Bublè and Prince have been the main acts at the concerts held in London and Dubai. This year, Autism Awareness Month begins on April 2nd in Dubai, and the performers of this year’s Autism Rocks Festival are Flo Rida and Tyga. Usha Shah supports these two acts in the hope that their relevance will attract the interest and support of a younger audience. Apart from live music, the event– that encourages whole families to attend– will include activities like bouncy castles, face painting, a petting zoo, laser tag, a zip line, and barbecue. This event is in partnership with 117 Live, an Al Ahli Holding subsidiary.
Sanjay Shah Denmark, 46, and father of three, is a hedge fund manager and former banker for multiple corporations. In 2009, Shah moved to Dubai after becoming enamored with the city. When Shah’s youngest son, Nikhil, was diagnosed with Autism in 2011 at age two, Shah was shaken. As a father, he wanted to know what he could do to fix it and when he was told that it Autism is not something to be cured, he wanted to know the next step in order to help his son develop in the most productive way.
Shah, being a self-made millionaire, has used his wealth to assist the research of Autism. In 2011, he approached the Dubai Autism Centre and asked what he could do. After supplying the center with vehicles to transport members of their programs, Shah made his contributions in the mindset that enabling studies will head practical results and thus progress can be made. He feels that these groups and centers are important for families to find support in a community where there are others who identify with their struggle. The Shah family continues to facilitate the Autism Rocks Festival and hopes to plan more concerts and events throughout the year.
Learn more about Sanjay Shah: