In a recent discussion, James Dondero of Highland Capital Management talked about the finance industry and what he believes is necessary to succeed. During the discussion, Dondero talked about three things that he does in order to consistently get favorable results in the finance industry. When looking to experience success in the finance industry, James has often said that looking for turnaround investment opportunities is a great idea. This type of deal allows you to acquire a security that is below market value and then profit off of it once it goes up in value. Another strategy that James has used in order to succeed is to invest in credit and debt based securities. He also researches the financial markets on a regular basis in order to see what securities will make good investment options.
James Dondero is the co founder and President of Highland Capital Management. He has been in charge of this firm for over two decades and has built it into one of the very best investment firms in the industry. When he first co founded the firm in 1990, he made it as a life insurance company. During the first few years the firm was in business, it established itself into one of the most reputable firms in its industry. While the firm was very successful as a life insurance company, Dondero looked to enhance the firm by offering a wider range of financial services. James would have the firm offer things such as hedge funds, private equity securities. He would also organize his firm to provide wealth management, asset management and financial advising.
Before James started up his own financial services firm, he first got an education. He attended the University of Virginia where he completed degrees in both accounting and finance. Once he graduated from college, he started his career at an investment firm. When he worked at his first job he was a credit analyst. This experience allowed him to learn more about debt and credit backed securities. It would also provide him with the backbone of his financial services company. James would then become a chief investment officer where he would manage the financial assets for major corporations.
Patty Rocklage and her husband Scott wanted to renovate their whole house. However, they were unaware that one could perform whole house renovation, so they were in the process of hiring multiple sub-contractors to accomplish various parts of the project. They then met the Sudbury Companies design team who specialize in whole house renovations. Ed Freelender who is an expert renovator showed them how they could make cost savings while still meeting their project’s objectives. After viewing samples in the Sudbury showroom they abandoned their sub-contractor plan and hired Sudbury to renovate their whole house.
Patty did not like how disconnected the kitchen area was from the other living spaces in the house. Mr. Freelender proposed they either renovate the existing kitchen, move the kitchen to another room or build a new kitchen entirely. Scott also wanted the front façade of the house to be accessible by guest because most guests to the house were unable to locate the front door. The Rocklages decided to fix the façade first as it was a more pressing issue.
Another thing that Patty was passionate about, was the landscaping of the house. She wanted the existing landscaping to recycle the rocks that would be affected by the renovation project. The landscaping project had to get permission from the Conservation Commission which insisted that the driveway be made from crushed stone to allow water to filter beneath the driveway. Patty also came up with the idea of recycling the trees in the compound for the landscaping project. The contractors had to relocate and replant 12 trees with three trees being used to make some outdoor furniture. The project also encountered numerous delays due to the weather. The trees could only be replanted during the fall to maximize chances of survival. In the end they had to push back the deadline of finishing the exterior landscaping by Christmas.
In the end Patty Rocklage and Scott were pleased with the completion of the project. The got a new farmer’s porch, a flipped front foyer and the front door was relocated. The exterior landscaping was quite impressive with a new driveway, stonewall and ecofriendly walkways. The Rocklages also refurbished their living area with a new TV, new tiles and a bar.
Josh Verne is an entrepreneur and businessman in the United States. He started his career at Home Line Furniture and became the company’s president in 1995. The company supplied home furnishings. He was President until he left in 2011. He cofounded workpays.me in 2012 with his friend Jon Dorfman. It was a marketplace where people could make purchases with money from the payroll. The company turned out to be successful. The company was acquired by Global Analytics Holding two years after it was started. Josh was the company’s CEO from the start until it was acquired. It is good to note that Verne did not stop. He established FlockU this year. Josh is the chief executive officer of the company. The firm is based in Pennsylvania. The company is a content exchange platform for college students where they can share with each other and partner with brands that they like. Josh recently appeared in the Knowledge for Men podcast where he gave advice and tips on how to be successful. He said that his favorite quote was from Jonathan Swift which describes vision as being the art of seeing what is invisible to others.
His first piece of advice is that one should try hard not to become a boss but a leader. The boss pushes people around, is self-centered, and demands respect from his employees. A leader earns respect from his employees and motivates everyone to work together. He advises leaders to put others first. This is what ultimately leads to a great team. He recommends that leaders push for a win-win environment for everyone in every situation. The outcome should be a win-win for clients, employees, and everyone in general. This means that the leader will learn to think outside the box and make the best decisions every time.
Josh Verne advises that people should find what they are passionate about for them to be successful. This means that they are productive and that they are happy to go to work every day. He advises that people should listen more and that they should try to find work-life balance. He finishes by sharing his favorite books known as “Made in America” by Sam Walton and Rocky.