Passive Fund Management is Not Always the Safest Bet

Tim Armour, the well-known fund manager of American Funds took to CNBC to write a response to Warren Buffett’s claim that passive fund management is most often the safest bet, and is also usually the smartest choice. Buffett claims that the majority of actively managed mutual and hedge funds are inefficient and that investors would be well served to choose a passively managed fund. In addition to stating that this is the safest way to go, Buffett also put forth the challenge that it is also the path that will bring the greatest level of returns. Tim Armour disputes this claim and respectfully disagreed with the Oracle from Omaha.

Armour does agree that there are a number of mismanaged funds that do get regularly out-performed by the market indices but he does not agree that this result is always the case. Yes, there are funds that charge exorbitant fees and that execute trades that are unwise and end up being costly, but Armour’s argument is that there are plenty of incidences where this is decidedly not the case. He believes that there are a good number of actively managed funds out there that consistently out-perform the markets.

While many people focus on the safety of passive funds, Armour brings up a very relevant point about the number of opportunities that are missed due to this passive management. In addition to being risk averse, passive funds can also create an environment where they are also growth-averse. By doing nothing but tracking the market, these funds can miss out on many smart trades that when executed in an efficient manner can create many significant returns. When active funds are properly managed without these inflated fees and nonsense trades, Armour believes that they will consistently beat the market.Warren Buffett is one of our nation’s very best financial advisors, and taking a position that does not agree with him 100% is not done very often, if at all!

The Successful Road of Anthony (Tony) Petrello

Anthony Petrello (also known as Tony) began his professional journey in 1979 when he joined the law firm of Baker and McKenzie. In 1986, Anthony became the firm’s Managing Partner of their New York Office. He maintained this position until 1991 when he joined Nabor Industries, Ltd. as Chief Operating Officer. In 1992 he became the President of Nabor Industries Ltd. In 2003, Anthony held the position of Deputy Chairman at Nabor Industries, and held this position until June, 2012. During his stint as Deputy Chairman, he also held the position of Chief Executive Officer in 2011. In February of that same year Anthony held the office of Director at Stewart and Stevenson, LLC.

Along with a successful professional career, Anthony has Board memberships with many agencies including MediaOnDemand.com, Texas Children’s Hospital, Houston Museum of Fine Arts and Stewart and Stevenson LLC, National Petroleum Council, and the Council on Foreign Relations.

With regards to his educational background, Anthony Petrello attended and graduated from Harvard University Law School where he earned his Juris Doctor degree. He also is a graduate of Yale University where he received his Bachelor of Science (BS) and his Master of Science (MS) degrees in Mathematics.

On a personal note, Anthony had a roommate, Lloyd Grove who wrote an article for the Daily Beast. In this, Lloyd describes Petrello as a mathematics whiz who has gone on to become one of the highest CEOs in the US. He goes on to say that Tony Petrello was a skinny scholarship kid from Newark with a thick Jersey accent. He was an Italian-American with an extrovert personality who was very fond of pizza. He enjoyed joking about his family and quick to laugh during mealtime with friends. He was very good at mathematics and the favorite student of Professor Serge Lang who was a renown world class mathematician.

 

Hussain Sajwani Works Well With Trump

Hussain Sajwani has done a lot of good for the family of the current president. Hussain has done a lot in order to help Donald Trump who he has a really good relationship with. Hussain has a relationship with Trump that extends all the way to other members of the family. For one thing, his wife is also friends with Ivanka Trump. While the friendship is genuine, it is also good for Hussain’s business. After all, connections is what is important for the success of anyone in any circumstance. Hussain has shown that he has great social skills and a good heart to go with it.

 

Hussain is a luxury real estate developer who runs a company called DAMAC. He is also a billionaire in Dubai. This shows that he not only knows how to manage his finances, but also knows how to come up with creative solutions that will inspire people to take part in different projects. His company. DAMAC handles luxury properties. They are responsible in developing and promoting properties that people could reside in and use for commercial reasons. Hussain puts a lot of creativity in the property that he builds. For one thing, he wants people to have more than a dwelling place.

 

One thing that Hussain does is make sure that people get the most that they can out of the property that he has built. Among the things he makes sure that people get is a good view so that they can feel better about the property they have chosen. Hussain is someone who also enjoys bringing a lot of variety to people so that they will be able to choose something that they will enjoy as opposed to having to settle for what they can get. The creativity and the dedication that goes into these projects takes them far beyond projects done by other companies.

Learn more:

https://www.crunchbase.com/person/hussain-sajwani#/entity

http://www.cnn.com/2017/01/02/politics/donald-trump-new-years-eve-speech/

Omar Boraie and Boraie Development: Building A New Beginning For New Brunswick

Visionary Egyptian immigrant Omar Boraie is living the American Dream. He’s also making the city he calls home a better place for everyone living there. The now 73 year old Boraie moved to the United States in 1970 to pursue a doctorate in Chemistry. But soon after he found himself bitten by the real estate bug. When he got to New Brunswick four decades ago, the city had been decimated by the 1968 riots. However, Boraie saw the potential for New Brunswick to be a great city. In 1972 he created a real estate company and began working to rebuild New Brunswick.

Today Omar Boraie’s company is called Boraie Development LLC. Omar is president and his oldest son Wasseem is vice president. Together they’re leading a building boom in downtown New Brunswick. Boraie Development LLC on njspotlight.com builds commercial and residential structures. Currently they’re putting the finishing touches on a luxury high-rise residential property called The Aspire in the heart of downtown New Brunswick. It’s an area that people avoided after sundown not long ago.

Read more: Omar Boraie Chair in Genomic Science Established at Rutgers Cancer Institute

That’s just one of many projects Omar Boraie and Boraie Development LLC have done in New Brunswick. The headquarters of Boraie Development LLC is on the 8th floor of a downtown New Brunswick office building that was the first great project Boraie built years ago. The panoramic view from the company’s offices shows a vibrant city rising all around them. When Omar Boraie began the project there were 21 vacant on boraie.com, dilapidated buildings on the block. One by one he bought a bunch of them then presented city government with his vision and his plan to make it a reality. They, like many others, thought Boraie was crazy.

That first building, Albany Street Plaza Tower One, brought 250,000 square feet of Class A office space at a time when New Brunswick desperately needed it. In 2003 Boraie Development LLC completed Tower Two and expanded the available Class A office space exponentially. The company then built New Brunswick’s tallest building, the 25 story One Spring Street Condominium. It features retail space in excess of 10,000 square feet, office space totaling 40,000 square feet, 121 luxurious one, two and three bedroom residential units and a parking garage with spaces for over 400 vehicles on boraierealty.com. Two months after the building was completed in 2007, it was completely sold out.

Omar Boraie’s vision of a thriving, vibrant New Brunswick is now a reality.

David Osio Increases Humanitarian Support Activities Globally

Financial advisor David Osio is a philanthropist who is known for his support of music, medical research and community. For over two decades, he has been in collaboration with several organizations to promote culture and art in the communities to better their lives. Besides his rapidly growing Financial Group of companies, Osio still continues with his support for charitable institutions globally. Mr. Osio’s support goes to several organizations such as the MISO (Miami Symphony Orchestra), the Children’s Orthopedic Foundation, Wayuu Taya foundations, UMA Foundation, Saludarte Foundation of Art in Miami, and the Fundana Foundation.

By contributing to these organizations, Osio has helped support poor communities and has received international recognitions and awards. He believes that every bit that contributes to medical research for children is helpful and wishes that more people should realize the importance of charity work. Having successful positioned the Davos Financial Group at higher ranks as the CEO; Osio has managed to raise the company’s income by expanding it to several geographic locations. The Davos Financial Groups has branches in Geneva, Lisbon, Miami, New York, and Panama. In all the cities that Davos Financial enterprises operate, he makes a positive impact by participating in philanthropic support.

About David Osio

David Osio is a businessman and a philanthropist. He is founder and CEO of the Davos Financial Group of companies in Venezuela. Since its commencement in 1993, the organization has got devoted to providing financial advice to its clients. As the CEO, Mr. Osio has led the institution into significant profitability. He began his business career in 1981 when he managed a coffee export program before later moving to LETCO COMMERCIAL COMPANIES where he structured the marketing philosophy of the business driving it to the highest ranks. In 1984, he joined Caracas law firm MGO and later joined the private banking Division. Within two years, he had gained a wealth of experience, and he was promoted to become the vice president of banking commercials.

Mr. Osio has devoted most of his efforts in providing comprehensive financial services by collaboration with other companies to provide services that meet individual client needs. Being at the helm of Davos Financial Group, Osio has helped the organization to become a financial hub that offers customized and quality services guaranteeing the clients of confidential investment platform. Osio graduated with a honors degree in law in 1988 from the Catholic University Andres Bello in Caracas. In 1998, Mr. Osio completed a specialization at the Institute of Higher Administration Studies in Caracas and in 2010, at the New York Institute of Finance, he studied management investment portfolio.

Follow Osio on Twitter @davidosio1

A Humanitarian for the Jewish Community

Adam Milstein is a prominent man in the Jewish community, and one that supports his people in a variety of different and very beneficial ways. As a philanthropist, Jewish leader and activist, Milstein has not only created a multitude of different organizations and charitable groups focused on the people of Israel, but he has actively been involved in these movements as well, something that not every founding member of a group can claim. It is for these reasons that Adam Milstein has been recently added to 50 most influential Jewish individuals in the world. Milstein himself is rated as number 39.

Milstein,in a speech about him being added to the list of 50 said: “I am humbled and honored to be selected by the Jerusalem Post for this list, alongside so many remarkable leaders of the Jewish people. I am grateful to my wife Gila, to the IAC and to the many organizations in the Jewish world that we are privileged to partner with to make a difference. This award is a testament to the historic accomplishments of the Israeli-American community in recent years.” This is a humbling statement made by a very extravagant individual.

Adam Milstein’s main goal is to promote and encourage Jewish pride within the youth found within America, Israel and beyond one of his most influential organizations, the Adam and Gila Milstein Family Foundation. The organization helps to increase Jewish free thinking and identification across the globe through non-violent protests and community activities and events.

Other reputable Jewish individuals on the list of 50 include Gal Gadot, Malcolm Hoenlein, Sarah Silverman, Ron Lauder and Prime Minister of Israel, Benjamin Netanyahu. With his name being added the list, Milstein has proven himself to be moving in the right direction when it comes to his work in and around the Jewish community, and will no doubt continue to make drastic and humanitarian changes to how the world sees individuals with a Hebrew cultural background.

Link of article: http://www.businesswire.com/news/home/20161005006343/en/Jerusalem-Post-Names-Adam-Milstein-World%E2%80%99s-Top

Kenneth Goodgame Has Enjoyed Great Success Over His Long And Noteworthy Career

Kenneth Goodgame is the Chief Merchandising Officer and Senior Vice President for True Value Hardware Corporation based out of Chicago Illinois. He has served the corporation since 2013 and has been able to accomplish impressive figures for the company in those years. He is also credited with creating a five-year plan that will create substantial long-term growth for the company. He is also responsible for merchandising, marketing, and global sourcing. Kenneth Goodgame was the General Merchandising Manager for True Value before his promotion to Chief Merchandising Officer. In his time with his previous position he was able to create the Craftsman program which was able to establish a game-changing role for the Craftsman brand.

Before his time at True Value, he was the President of Baja Motorsports and Direct Tools Factory Outlets. He was able to create the Direct Tools Factory Outlet from scratch . He was able to deliver Techtronic Industries a profitable year for the first time and was able to turn a $2.5 million loss into a huge $5 million profit.

Another notable page in his history stems from his work at Newell Rubbermaid. He was the Senior Vice President of Marketing and was able to net the company a huge profit of $490 million in a year and a half. He was in charge of new product development as well as any new marketing or sales strategies. He was also credited for the national print and commercial campaigns.In addition to the previously mentioned career moves, he also was the President and GM of Bernzomatic, Rubbermaid Cleaning, and Senior Global Product Merchant for The Home Depot. Kenneth Goodgame has brought wealth and prosperity to all of the business ventures that he has participated in and continues to provide profitable ideas for True Value.