George Soros, the billionaire philanthropist, and political activist is getting back into politics. He has been relatively quiet since his efforts to defeat then-president George W. Bush in 2004, but he has returned to the political theater during the most recent presidential election and read full article.
Soros pledged over $26 million to Super PACs that supported Democratic candidate Hillary Clinton. He has always been a supporter of Democratic candidates and causes during his life. While Clinton’s presidential bid ended unsuccessfully, Soros did manage to chalk up some victories during that election cycle. Most notably, he funded Super PACs in Arizona that helped defeat controversial Maricopa County Sheriff Joe Arpaio and learn more about George.
Soros gave $2 million to Maricopa Strong, a Super PAC dedicated to defeating Arpaio and succeeded in their mission.
Clinton and Soros have had a 25-year relationship with the billionaire supporting her political campaigns during that time. He famously supported Barack Obama during the 2008 Democratic Primary over Clinton but quickly became disillusioned with President Obama. Soros cited Obama’s lack of effort in fighting for progressive ideas and legislation.
According to many associates close to the billionaire, Soros is more engaged politically now than he has been in the recent past. Many cite the threat he sees for the GOP and President Donald Trump. He has been quoted as saying that Trump is “doing the work of ISIS.” Referring to Trump’s angry rhetoric against Muslims and his proposed travel ban that targets Muslim-majority countries and George’s Website.
Soros has spent most of his adult life fighting for human rights for citizens all around the world. His Open Society Foundations has fought for freedom of expression and transparency in governments throughout the globe.
He has personally given away more than $12 billion of his fortune to groups and organizations that fight for freedom and rights for all citizens. This alone makes him one of the most active and influential philanthropists in the world today and George’s lacrosse camp.
Other Reference: https://www.georgesoros.com/philanthropy/
Warren Buffet usually has the last word on matters of investment, but this is one instance when Timothy Armour, Chairman, and CEO of Capital Group begs to differ. He was referring to the legendary investor’s bet that he could obtain better results than what a group of hedge fund managers would obtain one, by the mere expedient of investing in the S&P 500 passive index fund.
While agreeing with Buffet principally, Timothy Armour holds that passive index fund is not entirely a safe cushion against a passive market. Timothy Armour who was made Chairman & CEO of Capital Group in July 2015 is himself a 32 year seasoned veteran of the investment trade. Holding a Bachelor’s Degree in Economics from Middlebury College, he began his career with Capital as a participant in the Associates Program.
Thereupon he earned his spurs as an equity investment analyst covering global telecommunications and US services companies. One of his most ardent advice for investors would be to find trusted managers who are capable of earning their keep by doing the necessary research and analysis and learn more about Timothy.
On the market sell off in September 2015 on account of news from China, Armour held that the correction was due and didn’t duly worry him. He actually believed that periodic corrections were just what the markets needed to remove “pockets of excess” and Tim’s lacrosse camp.
He further believes that China’s transition from a closed investment led economy to a more open and consumer led would perforce be a tough one and there was actually an opportunity to invest in good Chinese companies. He felt that Chinese Internet companies could definitely be looked at and resume him.
Coming back to the present times Armour’s perception of the market in the early days of the Trump era is that global markets are about to witness unprecedented change and it is in his words, “Seismic” and “Real.” Coming from a usually conservative investment advisor that is some positive endorsement. That is Armour for you. Not given to hyperbole but when the need arises, he says it as it is- even if he has to give advice contrary to that offered by Warren Buffet and more information click here.
Other Reference: https://en.wikipedia.org/wiki/Capital_Group_Companies
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