Kenneth Griffin Strides Through Tough Economic Times

When the recession hit the United States in 2008, the stock market plummeted, people lost their savings, and many people lost their jobs as companies failed on insidermonkey.com. It was said that things had not been so bad since the Great Depression, which decimated the country in the 1930s, after the prosperity of the 1920s – famously known as the Roaring 20s. In a lot of ways, the prosperity of the 1990s was the front-runner to this downturn of the market, but people did not predict that it would happen. In any case, the recession made things very tough from an economic standpoint, and only the best were able to make it through unscathed.

That’s what makes Citadel LLC’s Ken Griffin on turtletrader so impressive. In his 40s, he’s already one of the richest men in the country. He’s been on the move for years, and he seems to have made it through the recession without missing a beat. Sure, he did have some losing ventures at that time, as everyone did, but he by no means allowed it to destroy the financial empire he was creating. Now, with things getting better again, it stands to reason that he’ll be able to renew his growth at an unprecedented rate.

Even more impressive is that Griffin works in finance and investing. After all, Citadel LLC is a company known as a hedge fund. It helps other investors protect themselves and increase their own wealth. This emphasis on protection was huge in 2008. Hedge funds often gain more than standard investments, but what they really do well is that they tend to lose far less. They’re set up to never fail, even if that means not taking as many risks as some investors would like. In 2008, when the market fell so quickly, these protections were what really made hedge funds helpful.

Griffin, knowing perhaps better than anyone how this worked, was able to protect his own fortune. He was able to stride through the hard economic times and come out the other side with seemingly very little trouble.

In fact, he did so well that he’s lately been giving away some of his money. This is a time when most people are saving as much as they can, but Griffin gave around $150 million to Harvard, the school that he used to attend. He didn’t give it to them to get anything back – though they did name a building after him – but just to provide scholarships to other students. This was a huge and helpful offering, but what it really does is to underscore just how well he is doing. He’s making so much that he can give away more money that most people will ever be able to earn in their lives.

There are many lessons to be learned from Griffin’s example, both in building wealth and protecting it. Anyone who is trying to get started in this industry – perhaps by attending Harvard – would be wise to study exactly what he has done.

The Many Talents of Mr. Dondero

James Dondero, the co-founder, managing partner, portfolio manager, and President of Highland Capital Management, has over 30 years of experience in the private equity and credit industry. Some of his present responsibilities include deciding and securing completion of Highland Capital Management’s investments and operations. He is 52 years old and resides in Dallas, Texas. Throughout his career, Mr. Dondero has focused on distressed and high-yield investments. As of May 2015, NexPoint Residential Trust announced that they were appointing Mr.Dondero and associate Arthur Laffer to their board of directors. Mr.Dondero was elected to serve as Chairman of the Board. The main focus of Nexpoint Residential Trust is the purchase, ownership, and use of middle-income properties in upper middle class areas throughout mostly the Southeastern and Southwestern states in America.

Today, Highland Capital Management holds assets equal to about $20 billion, and they specialize mostly in credit investments. The fund invests a small portion in equities as well. Since it’s humble beginnings in 1993, HCM has become one of the industry’s biggest and most well known alternative credit managers. An office in Singapore was opened in 2008 and another in Seoul in 2011.

After he helped open the doors of Highland Capital Management in 1993, it quickly helped pioneer the development of the Collateralized Loan Obligation (CLO) market, along with credit solutions for different investors across the globe. Some of HCM’s funds have won awards (hedge funds, mutual funds, REITS, institutional separate accounts, CLOs, and ETFs) including Morningstar’s 5-star designation for Global Allocation in 2014 and the Lipper Award for Floating Rate Opportunities in 2014. Mr. Dondero’s portfolio doesn’t stop there, either. He also has experience with emerging markets, leveraged bank loans, common stocks, preferred stocks, mortgage-backed securities, and more.

James Dondero presently serves on the board of directors of American Banknote Corporation, Metro-Goldwyn-Mayer, and MGM Studios. He is also Chairman of NexBank, Cornerstone Healthcare, and CCS Medical. Mr. Dondero has a serious philanthropic side, donating to Veterans causes, education, and initiatives for public policy.

Before starting Highland Capital Management, Mr. Dondero acted as Chief Investment Officer of Protective Life’s GIC subsidiary, and in the course of about four years, he took the business from a concept to clearing $2 billion dollars! Prior to that, from the years 1985-1989, he managed fixed incomes equal to about one billion dollars for American Express, where he worked as Corporate Bond Analyst and then a Portfolio Manager. Before his work with American Express, James completed the Morgan Guaranty Trust Company financial training program. Since 1987, he has been a Chartered Financial Analyst, and he still holds the designation of Certified Management Accountant. He focused on Accounting and Finance throughout his college career at the University of Virginia, where he graduated with a Bachelor of Science Degree in Commerce, Beta Gamma Sigma. His accomplishments seem to know no limits.

The Nature of Work of Economists

An economist studies the way the society uses the diverse and natural resources such as labor, land, raw materials and machinery to produces goods and services. They evaluate the benefits and cost of consuming and distributing the products and services. They do research, collect and analyze information, create forecasts and monitor economic trends. Their investigation focuses on issues such as inflation rates, rents, employment, farm prices, interest rates or imports. Depending on the topic under probe, economists come up with techniques for obtaining the information necessary for their research. Sampling methods is used when conduction a survey while the econometric modeling procedure is used to create forecasts.

The majority of economists deploy practical applications of economic policy in a specialized area such as real estate, natural resources, health agriculture, finance, transportation or the environment. They apply their knowledge on economic issues to advice banks, labor unions, trade associations, insurance and security firms, government agencies among other. Other economists are theoreticians and apply mathematical models to come up with theories on the key drivers of inflation and effects of tax legislation and unemployment.

An overview of Christian Broda

Christian Broda according to oxfordjournals is the managing director of the Duquesne Capital Management Company. Before joining the company, he worked as a professor of economics at the Chicago University. He is a published writer and specializes in international trade and finance. Mr.Broda serves as the associate editor of the development economics journal. He was awarded National Science Foundation grant to fund his research between 2005 and 2008.

Preparation of Reports

It is an essential skill in the economists’ job. They may be called to review and evaluate relevant data, create chart and tables, and write up the results in a clear, precise language. Besides, they are expected to present statistical and economic concepts in a clear and meaning way, particularly when the research conducted is policy directed.

The Role of the Economists in Government Agencies

They assess the economic situation in the government. They also estimate the economic effects of changes in public policies and legislation. For instance, they may examine how the fluctuation of the dollar against the foreign exchange affects the export and import market. The majority of the economists in government institutions are in the fields of labor, international trade, utilities, transportation, agriculture, or urban economics.

The Job Outlook of the Economists

The employment opportunities are expected to double over the next six years. The opportunities for the economists are best in research, private, and consulting firms. The increased reliance and complexity in the global economy and quantitative methods of examining forecasts sales, business trends, and loaning production and purchasing should increase the demand for economists in the next couple of years

 

The Best Possible Capital Management With James Dondero

The field of investing is one that many people need to pay close attention to during the course of their lives. People need to be able to master the basics of the investment field in order to be able to make sure that any money have saved up is invested well. Well invested capital can yield extremely impressive gains. When someone has capital that has been invested in the best possible way, the person is often able to have a rate of return that will allow them to do important things in their lives including having the downpayment to purchae a house and the means to retire when they want.

The management of capital can be highly complicated and complex. Management of capital of all kinds means that the manager must be able to satisfy the needs of the investor as well as the needs of their other clients. The capital firm must be able to do other important things such as identify the best possible use of capital, find new potential investments and figure out if those looking for funding from them are able to use any capital that has been loaned in most effective way possible.

One of the best of today’s contemporary capital management firms is Highland Capital Management. Highland Capital Management was founded over two decades ago in Dallas, Texas by James Dondero on insidermonkey. Since that time, the firm has grown enormously. Today, they have offices in many multiple places in order to help them serve the needs of their customers better. The company manages millions of dollars for their clients. They specialize in finding investment products for their clients and helping them discover new ways they earn a better rate of return on their capital. The skilled investor can work with this firm in order to learn about many areas of potential investments such as bonds, international finance and the field of distressed investment funding.

Highland Capital Management was founded by James Dondero. Mr. Dondero is a highly skilled capital manager who has been heavily involved in the field of capital expansion for many years. During this time, he has mastered many aspects of investing and finance including how to provide for both the needs of investors and the needs of those who want to work with him to invest in their planned business. Those who choose to work with him will be delighted that they are able to have access to a skilled investment advisor who knows exactly how to create a portfolio that can keep growing and expanding as the investor’s needs change. In this way, all of those who are involved in this field will benefit as they can get advice they need from his firm.

OrganoGold Expands to Include Turkey

Most companies have a mission statement. OrganoGold is no different. Their mission is to expand their gourmet coffee company worldwide. They are making good progress in this direction.

OrganoGold is one step closer to their mission. Founded in 2008, OrganoGold recently expanded their operation into Turkey, their newest opening. OrganoGold plans to continue to grow; one country at a time.

Facebook told that one reason for OrganoGold’s success is the quality of their products. OrganoGold is a certified retailer of organic products. The organic items OrganoGold offers include: coffees, teas, nutraceuticals, personal care products and others. The demand for organic products is a fast growing marketplace. Consumers worldwide seek out quality organic products. OrganoGold’s mission is to meet this demand.

Bernardo Chua, CEO of OrganoGold, is responsible for supervising the company’s oversees operations. Chua emphasizes the importance of opening this new branch in Turkey. He is quoted as stating it is the introduction into the Asian, European and African operations.

Chua researches the best locations to open new OrganoGold operations. The company chose Turkey because residents of this nation naturally like good quality coffee. Chua was in charge of the successful opening of this new venture.

Chua also points out OrganoGold tends to market to customers who live an active lifestyle. Asians, Europeans and Africans tend to be more active. These countries have lower obesity rates. This may be part of the company’s success.

OrganoGold is a certified organic retailer. They are expanding their operations throughout the world. Turkey is the focus of their most recent expansion. Look for OrganoGold expanding their operations to other countries soon.

Doe Deere Is Taking Lime Crime To The Top Of The Makeup Business

If you know any young people, you’ve probably heard of Lime Crime. The cruelty-free makeup line offers a range of wild colors to choose from. The attitude behind Lime Crime is unique. The company believes that makeup shouldn’t be used to cover up blemishes or other imperfections. They feel makeup should be used as an expression of self. If that sounds different than what you might hear from other major makeup makers, you get a glimpse into why Lime Crime is called makeup for Unicorns.

The company was founded by Doe Deere, who, appropriately enough is known as the Queen of the Unicorns. The makeup line is very over-the-top, which has helped it carve out a giant fanbase quickly. Deere founded the company for “a few hundred bucks” when she saw there was nothing like it on the market. The company has been marketing its unique makeup lines since 2008. Doe Deere has been dealing with the public since 2002. During that time, she learned the importance of filling a niche that was not tended by others. Deere has blogged and spoken about how she believes in the power of individuality. That’s a message that has caught on with fans of her brand.

Deere has helped to build the brand through social media. She has been an active blogger and former eBayer who worked very hard making connections in the online beauty community. People who use Lime Crime products included numerous makeup artists who use it when their clients need a little extra “personality.” There really are no alternatives quite like Lime Crime on the market. The makeup industry is constantly seeing turnover for products. Lime Crime has been able to build a steady business using themed products that don’t have much direct competition. Doe Deere has been able to stay abreast of what her customers want so she can deliver it to them.

Lime Crime is available on their website as well as from a few select retailers around the world. Their line “Cry Baby” is selling well. This unique line can be used to create colorful tears that are bound to gain attention fast. Many of the looks created using Lime Crime combine a bit of “retro” with something you haven’t quite seen before. There’s little doubt that the Unicorns who wear Lime Crime are going to stand out from the crowd every time. Lime Crime makes a great gift for someone you know who is a bit bored by the current mass-market makeup lines. If they want to add color and style, Lime Crime can do it for them quickly. Doe Deere is constantly innovating and creating new styles. When she comes up with something she knows her customers will love, she will add it to her collection. Lime Crime is gaining in popularity every day.