There are two schools of thought when it comes to stock portfolio management: one that is active and robust, and the other which is passive and simply tracks to established indecies. Warren Buffet has made the claim that a portfolio tied to the S&P 500 will outperform the results realized by top fund managers as well as hedge fund leaders. And of course he was correct.However, Tim Armour recently argued on CNBC’s website that there is a lot more to this debate. He posits the theory that passive funds may out perform mediocre and below average managers, but there are plenty of portfolio managers out there that regularly out perform the indices. In fact, Armour believes that passive management is fraught with pitfalls and the potential for significant losses. There are many risks that canbe avoided with active, competent management, and on the flip side, there are many more gains to be made with this strategy.
Tim Armour believes that incompetent management along with excessive fees are the main reasons for low returns in actively managed funds. With reasonable fees and trades that are thoughtfully and economically executed, there is absolutely no reason why a strongly managed fund would not out perform any index over a reasonable period of time.Speaking out with a viewpoint that is counter to Warren Buffet’s takes some courage, and Tim Armour has shown their his successful run as Chairman of the Capital Group, that he is one with a healthy amount of courage.
Through his work with the American Funds, Armour has helped many, many Americans to maximize their retirement funds. Armour believes that with most people in charge of their own retirement future, it is key to provide them with useful advice to help them to be successful.While Armour does agree with Buffett on many topics, he is a strong proponent for active fund management and disagrees with Buffett’s statement that passive management with always outperform passive funds.
One of the worst diseases in the world that takes millions of lives each year is Cancer, and while there are numerous studies and research being conducted worldwide on it, the cure is yet to be found. Many different types of cancers are curable now, but one of the things that are missing in most of the studies and research is the availability of data.Eric Lefkofsky, widely known for his first startup Groupon that is worth close to $3 Billion today, has recently co-founded a medical research firm named Tempus. The creation of Tempus aims at building co-relating data that would help the physicians and researchers across the globe to get the data they need in their study to develop effective cancer therapies. Tempus aims at gathering clinical, molecular as well as patient outcome data from various medical research centers and facilities to make it available for the medical professionals so that they can provide better and more personalized treatment to the patients.
The idea of creating Tempus came to Eric Lefkofsky when his wife Liz Lefkofsky was diagnosed with breast cancer, and he realized that the cancer-related databases are not optimally organized or structured. He said data as to how much a particular cancer medicine was used in the past six months and what the result was after using can take months to gather manually. However, if such data is available easily with a click of a button to the physicians, oncologists, and researchers, the research conducted as well as the treatment provided can be far more efficient. It can save time as well as millions of dollars that are being fuelled into cancer research each year.
Eric Lefkofsky is one of the most successful entrepreneurs in the United States today and has co-founded many other firms other than Groupon and Tempus, which includes MediaOcean, Uptake Technologies, Lightbank, Echo Global Logistics, and InnerWorkings. Eric Lefkofsky is also a generous philanthropist and donates to various charities across the country through Lefkofsky Family Foundation, which works actively to help empower local communities through providing better education, social support, and healthcare. He has also written a book named Accelerated Disruption.
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