2017 was a good year for investors. The entire year overall showed little volatility and the return on the [email protected] 500 was over 20%. The stock market has never shown a positive return for every month of the year until this incredible 2017.
Seasoned finance people know that a year of little volatility is often followed by a year of volatility. This has been the case with 2018 even after the Central Bank raised interest rates three times to help smooth the economy. The positive impact on the economy can still be seen but the market seems to be fluctuating. There have been 400-point swings in 2018 which can give investors trepidations.
HCR Wealth Advisors is a registered investment advisory firm based out of Los Angeles, California. They have incredibly loyal customers, some of which have been with them for over a decade, and they aim to keep these customers for generations. They often work with high-income individuals to tailor personalized investment strategies in order to take advantage of the market.
And it’s more important than ever to utilize a personalized investment strategy in today’s market. Information zaps across the world in an instant and the Internet gives you an infinite sea of information. This can absolutely confound investors as they try to pick out the important pieces of information from the noise. This process can make or break an individual while moving an enormous amount of wealth in an instant.
This all makes for a slippery market that many investors may be afraid of. But personalized investment strategies from HCR Wealth Advisors can help turn a volatile market into a friendly market. Different financial tools can be leveraged to take advantage of the volatility while personalized strategies may be employed to help clients mitigate financial exposure. Essentially, you may be able to bet against dips in the market while taking advantage of upswings.
As one of the three principles, Wes Edens has been very instrumental in the growth of the Fortress Investment Group. He has been part of the Private equity division in the firm since it was founded having worked in the same sector before he quit employment to start Fortress. Wes Edens was a managing director and partner at BlackRock’s private equity fund. Here he was part of the team that made some of the largest deals for the firm and by the time he left, he was quite familiar with what it entailed to run a private equity firm. He was always an investor that saw opportunities in distressed businesses and would in one-way or another extract value from them.
This has been part of his strategy at Fortress, and over the years, it has served him and the group well. One of these instances was in 2010 when he convinced the others to let Fortress acquire AIG for 125 million dollars. The company at the time being part of those that were affected by the subprime crisis did not seem like an attractive venture. Wes Edens was, however, convinced that together with his team he could turn the company around. The deal was concluded and that point they embarked on reviving it today what many knew as AIG has been renamed to Spring Leaf Financial and has over 14 billion dollars under management.
Wes Edens has been viewed as one with a high tolerance for complexity. He seeks to figure out a way to get returns from distressed assets and in doing so is at times forced to venture into the ever-fluctuating environments that at times call for dangerous leveraging.Wes Edens has been very keen when it comes to sports investing. This he, however, does on a personal level with his first investment being the 550-million-dollar purchase of the Milwaukee Bucks where he is now a co-owner together with Marc Lasry. His love for basketball is well known, and despite not playing he is quite passionate and regularly attends his clubs’ games. He ventured into the European Soccer scene earlier this year. This was with a 55 percent purchase of the Aston Villa Football Club. This is a club that has existed for more than 140 years and currently competes in the championship having missed by a whiskey the opportunity to get back to the English Premier League in May.
Steve Ritchie, the Chief Executive Officer of Papa John’s, wrote a wonderful letter of apology to Papa John’s customers, expressly apologizing to Papa John’s customers for several racial insensitive remarks made by a person closely linked to the Papa John’s brand and promises to take several remedial actions to deal with the issues and concerns brought into being by these unfortunate occurrences. The racial insensitive remarks that dictated the writing of a letter of apology by Steve Ritchie was the blaming of declining Papa John’s sales on the NFL’s lack of ability to effectively handle the problem of NFL players protesting perceived inequitable treatment of minorities by kneeling during the playing of the national anthem and the use of a racial slur during a conference call.
According to INC, the apology made by Steve Ritchie was explicit, sincere, and empathic. He clearly denounces those racial insensitive remarks, stating that those remarks and sentiments are only those of the particular person who made them and are by no means a reflection of the values of the Papa John’s company, whose employees number well over 120,000, the vast majority of whom are good, decent, hard-working individuals residing within the very same communities that Papa John’s customer live in. Steve Ritchie goes on to say that such bad behavior will not be tolerated by any Papa John’s employee.
The promised remedial actions to be taken by Steve Ritchie and the company was clearly defined. Steve Ritchie assumed responsibility for winning back the trust of Papa John’s customers by hiring auditors to audit the company’s culture, diversity, and inclusiveness to show Papa John’s customer that those racially insensitive remarks are in fact not an accurate reflection of the company’s values. Further, according to Wikipedia, Steve Ritchie intends to dispatch high level executives to the field to listen to the views and concerns of their employees and franchises with the view of obtaining a path on which everyone could move forward and away from these unfortunate incidents. Steve Ritchie also promises that this entire process will be conducted in a transparent way and asks to be held accountable by Papa John’s customers for this undertaking.
Victoria Doramus has been in the field of marketing for the past 12 years. She works with both print and digital media, including video and audio, communication, and branding. After graduating from high school in 2002 she attended the University of Colorado, Boulder. She graduated in 2006 with a degree in journalism and mass communication. She has worked for a number of companies such as Stila Cosmetics where she was a creative consultant. Another company she worked for was Creative Artists Agency in Los Angeles where she provided assistance to the president of the company among other duties.
For the past few years, Victoria Doramus has been dedicating her time to philanthropic efforts. She says that more than just people need help which is why one of the nonprofits she dedicates her time and resources to is the Best Friends Animal Society. Many animals who end up in animal shelters in the United States end up being put down. Victoria Doramus supports the local animal shelter, is trying to put an end to this by assisting in the building of community programs across the nation. The ultimate goal is to save every animal.
The Best Friends Animal Society was established in the 1980s. At that time close to 17 million animals were put down each year with the older and/or sick animals the first ones to be killed. This nonprofit started out as a group of friends who would get animals from their local shelter and then find loving homes for them. Some of the ways that Victoria Doramus helps is by volunteering at adoption events and helping with fundraising drives.
According to Tradesy, Victoria Doramus wanted to help out this nonprofit because she believes as well that every animal is worthy of being loved. She says that, like people, animals need love as well in their lives.
Steve Ritchie is the CEO of Papa Johns. He has recently proved that he is a man of integrity and intelligence. He understands what the company needs and don’t need, but he also understands what the customers want. Mr. Ritchie was quick to step into a messy situation that a previous member of Papa Johns caused. Steve knew what to do to clean up the situation, which wasn’t caused by him. That lets everyone know how serious Steve Ritchie is about being apart of a company with a positive image. He also showed how strong his emotions are for Papa Johns and its customers by taking immediate action into apologizing to everyone.
According to Bloomberg.com, Steve Ritchie showed us his emotional intelligence, especially after the second letter he used to apologize to everyone who are associated with Papa Johns. His first apology letter sounded more like a business letter, plus he only half-way apologized in it. Once he recognized this, he created a second letter that spoke to everyone with a more conversational type tone. Unlike the first letter Steve Ritchie’s second letter included an improved and more direct apology, plus he displayed a strong sense of compassion.
He let the world know exactly how he felt about the situation he was apologizing for. Mr. Ritchie let it be known he wants to be held accountable for any future mishaps that may happen with the company. Steve Ritchie also broke down in detail on how the company has planned to figure out all weaknesses and negatives that Papa Johns has as a whole company, and then make goals to fix all problems amongst Papa Johns.
Steve Ritchie has shown he is stand-up guy. All his goals are aimed for positive progression with Papa Johns. Mr. Ritchie is willing to do whatever it takes to make sure Papa Johns will have a positive and successful journey, and to make sure that all customers and associates of Papa Johns are 100 percent satisfied with the company’s service.
Damac Properties, established in 2002, is one of the leading luxurious real estate development firms actively constructing a broad range of commercial and residential projects in Dubai, and many other cities of the United Arab Emirates. Damac Properties since its inception has grown exponentially and now has operations in many different parts of the world beyond UAE, including in the London, Beirut, Jeddah, Oman, Qatar, Saudi Arabia, and more.
Hussain Sajwani studied economics and industrial engineering from the University of Washington and joined oil company Gasco as a contracts manager after graduation. However, he couldn’t calm his entrepreneurial spirit, which led him to leave his job and start his firm in the food and catering business, and thus, started the Al Jazeera Catering Services. It is a company that continues to operate till date and has pioneered the industrial catering sector for years, serving over 150,000 meals a day and handling more than 200 projects. Hussain Sajwani is invested heavily in the equity markets as well and has a stock investment portfolio in both regional and international financial market, managed by Damac Properties’ specialized investment wing, DICO Investments LLC.
Before shifting his base to Dubai, Hussain Sajwani realized that the real estate market of the Middle East has immense potential. It is for this reason he came back to Dubai and invested and bought a plot in the suburbs of Dubai to construct a luxurious residential project. He knew that the foreigners were allowed to invest in the real estate market of Dubai as per the government’s flexible investment policies in the real estate sector, and thus, he was able to sell off his project in just six months, even before the construction of the project began. Hussain Sajwani’s Damac Properties is also collaborating with the Trump Organization to build two international golf courses cum residential complexes in Dubai.
Hussain Sajwani grew up learning the principles of hard work and long hours as a schoolboy working for his father. The family variety store business required all the family help it could muster, and young Hussain got his share, even though he complained that the hours were too much. He told his father that he would never be a businessman rather he wanted to get a degree and become a professional, so he could work regular hours.
That end was not to be, however, as after finishing college, Hussain founded a catering company that sold meals to the US Army during the Gulf war. That became a very successful business, as it is still today as a part of Sajwani’s other businesses. Sajwani is also the founder and owner of DAMAC Properties, Inc., a large real estate management and development concern located in the United Arab Emirates.
According to Forbes, in the early 2000s when Sajwani learned that the UAE was going to allow non-citizens to buy land and own property in the country, he began to purchase land in anticipation of a coming land boom. He promoted his idea of luxury apartments because he surmised that there would be many of the immigrants who would have money, and he was right. His promotional activities were so successful that his first project sold out completely before any construction had even begun.
Some of Sajwani’s (@hussainsajwani) business practices served him well in all kinds of different economic conditions, good and not so good. For example, he always paid cash for the land and financed very little of the construction costs. This made it difficult for anyone to foreclose if the situation were to arise. He also kept separate banking and accounting accounts for each property. This required each project to stand on its own without affecting any of the other real estate projects of the company.
Over the years, DAMAC has built and acquired property from Paris, London, and other parts of the middle east. Sajwani has even partnered with Donald Trump by placing Trump Golf Courses at some of his resorts. He has also made the company a family affair with several family members assuming active roles in the management of the company.
Jim Toner was in the real estate business for over 25 years. During those 25 years, he had experienced everything there was to experience in the real estate world. He started out by doing simple deals with no credit and wholesale deals and even found himself on CNN giving away homes to veterans. In 2010, Toner decided that he would leave the real estate world behind.
One thing that led Jim Toner away from the real estate world was that several of his clients, as well as himself, were taken by a guru. This guru who owned the largest real estate firm in Phoenix, Arizona decided to scam a large number of people. This guru took a lot of money from Toner as well as his clients. Toner became increasingly tired of the dirtiness of the real estate world and decided to leave it.
Once Toner had left real estate, he started working with business owners to help increase their businesses. He did this by using celebrity positioning. This was successful, and he wrote a book that can be found on Amazon. During this time, a friend decided to come to Jim Toner and tell him how important it was that he come back to the world of real estate. Toner decided that he would come back into the world of real estate as long as he could control several different things. He decided that he would need a local investor and that he got to pick the market.
Over time, Toner found great success. His company practices what they teach, and they help to ensure that each city they are in, has the best real estate investment training ever. His success is that he is a non-conformist and works hard to ensure that both he and his clients are getting the right deal and able to make money. He wants to make sure that the good guys win, despite some of the dirtiness in the business.
Peter Briger is a finance executive who currently works for the private equity securities management Fortress Investment Group. He has spent over a decade managing the firm and contributing to its strategic development. Before he began working at Fortress Investment Group, Peter was a member of Goldman Sachs for over a decade. During his career, Peter has managed credit departments and has helped expand the firm’s international markets. Along with being a top finance executive, Briger has been active in making a difference in his local community. He has made contributions to the Central Park Conservatory as well as providing assistance to families in San Francisco.
Today Peter Briger works as the co chief executive officer and principal of Fortress Investment Group. At this position, he oversees a group of professionals who specialize in credit and equity securities. He provides guidance and leadership for this particular department. With Briger’s leadership he sets the goals as well as devises the strategies that the firm is looking to establish. As the CEO of the company, Briger was also responsible for making business decisions for the firm. At his position, he meets with the other top executives to discuss the progress and objectives of the firm.
One of the most notable experiences of the career of Peter Briger was when he was with the firm Goldman Sachs. At this firm, he helped it expand to the Asian markets in credit equity securities. While serving at this position, he would manage a number of employees as well as serve on a number of committees. As well as being in charge of expanding the firm into Asia, Briger would serve at a high ranking position in the firm. In 1996, he attained the partner position and began providing overall business leadership for the firm before moving on to another career opportunity a few years later. A Force of Innovation: Two Decades of Fortress Investment Group
Peter Briger attended Princeton University and completed a bachelor’s degree. He would then attend business school and complete a MBA degree from the University of Pennsylvania Wharton School of Business. He is quite active in his local community as well. He helped maintain the Central Park Conservatory in order to keep it as a main tourist attraction in New York City. Briger also helped secure housing for low income families in San Francisco. original source
Technology is fast changing, and with every passing week, there is an innovation that is coming up. In fact, the rate at which technological innovations are coming up is so fast that even keeping up with the latest can be a big problem. The innovations range from mobile applications, some artificial intelligence inventions, automation among many other kinds of innovations. With technology you just have to wait and see what will happen next. With a lot of money being invested in research by big companies in the world, more technological innovations are expected to come up in coming years. With this investment, you cannot predict what will available in the next five years.
For people who were here in the 1990s, technological growth that they have witnessed is too much. Take the case of the automobiles; we have moved from steam-powered vehicles to electric cars. Things like mobile phones were never part of us a few decades ago, but today, they are owned by every adult.
One person who knows about the power of technology is Louis Chenevert. He understands how quickly technology can change an industry. At the height of his career a few years ago, Louis Chenevert was the President and CEO of United Technologies Corporation. He was the CEO between 2008 and 2014. UTC is a business which has many other multi-billion businesses under it. The company has its headquarters in Connecticut.
UTC is a leader in the aerospace industry although it deals with other businesses. One of its accomplishment is supplying NASA withfuel power plants. Since 19966, they have been working together and have made space traveling a reality. They also manufacture jet engines for military and commercial aircraft. They are always creating the latest technology that will offer the best performance to their clients. The Geared Turbofan engine is one of the key inventions that have been made by the company.
Louis Chenevert term as the CEO was marked with great results. He steered the company into growth in a short time. Although he is retired from the company, his reputation as a business leader will live on for many years. He laid the foundation for further growth of the company.