The Career Steps of Louis Chenevert

The success of every individual is determined by what they are doing at the present moment of their life. Everyone in the world can make a difference and be successful, all it takes is passion and the willingness to stick to their dreams.

Louis Chenevert is among the individuals who have startled the world with their prowess in the business world. He has had his hand in more than 50 businesses that have ended up a great success. Many investors around the world are applying his mechanisms in running their ventures, and they have proved to be successful.

His breakthrough came when he was serving as the Chief Executive Officer of the United Technologies Corporation (UTC). Every time we are discussing the success and prominence of UTC, we have to mention the input of Louis Chenevert.

Chenevert’s career began in HEC Montreal, where he studied Production Management. Production Management helps in ensuring that the company’s production is efficient. This means that the quality of the goods are high and the cost at which they are produced is minimal.

After school, Chenevert was hired by General Motors. Chenevert stayed with the company for 14 years. Guy Hachey, the individual who hired him never regretted his decision at any given time. He was also a young man, hungry to achieve his dreams. Like Chenevert, he also wanted to improve the company and rise to the high ranked position in the firm.

Every time Hachey got promoted, he promoted Chenevert. He says that he is the best executive he ever worked with in his career. Chenevert was half a year behind Hachey. The two investors remain close friends even up to date. Hachey says that every time they meet, they remember their time in the industry and laugh so hard that they cry.

After learning valuable lessons at General Motors, it was time to move on to his next quest. Louis Chenevert moved to Pratt & Whitney, where he worked from 1993. After a promotion to being the President of the company, UTC employed him as their CEO. That is how he ended up in UTC and made his unforgettable legacy.

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Timothy Armour: A Financial Legend and Capital Group Veteran

With over thirty years of experience in the financial markets industry, Timothy Armour’s extensive experience gives him a solid industry knowledge including marketing trends. He is therefore well positioned to identify unique investment opportunities and vehicles capable of good returns on investment. Recently he weighed in on the going debate on the suitability of passive and active index funds investment vehicles. Mr. Armour notes that investing in passive index funds as commonly fronted by billionaire serial investor Warren Buffet has several advantages including significant low volatility considering the prolonged market bull run. However, he notes that passive index funds can expose investors to 100 percent volatility during economic downturns. This leads to 100 percent on the part of investors.

On the other hand, he argues that active index funds have the potential of high returns on investment over a short period of time despite their significantly high volatility. Timothy Armour therefore opines that, whether active or passive, these investment vehicles come with significant risks that can lead to financial losses. He therefore opines that the primary key to successful investment finding a good and experienced financial manager that will manage your investment at a reasonably low cost. He advises that investors should opt for financial managers who have also invested in the investment vehicle of choice. This high sense of ownership will drive the manager to manage your financial investment effectively. The Middlebury College alumnus also believes that experience and low management cost are vital for successful management.

Views on the 2015 Market Selloff and Post-Trump Market Changes

Timothy Armour believes that the recent market selloff that originated from China was a normal as it was part of the market cycle. He argued that the markets were curling the risky investments made over the years. He holds that despite the market selloff and economic turbulence in China, the country still remains a robust investment destination with economic growth higher than most countries around the world. He also believes the recent turbulence in the American market following the election of President Trump will normalize over time once concrete policies have been put in place. The current chairman and chief executive officer at Capital Group holds that the markets are simply reacting to the economic policy uncertainties in the country.