Succeeding in the financial world of investments can be difficult to downright impossible for some people. Not only is it hard to get a footing in the industry, the industry is also cutthroat — constantly spitting people out. So how did the quiet and mild mannered James Dondero make it with his company — Highland Capital Management? Dondero established the company over 20 years ago and he is still the acting President today — leading countless people to prosperity through his diverse and innovative approach to portfolio cultivation. Let’s take a look at the quiet force behind Highland Capital Management.
First, we should start off by talking about what makes Dondero so innovative. The Texas based portfolio manager is almost always elated to talk about how his mutual fund works with investors who are willing to ride a different sort of wave. Highland Global Allocation, the name of Dondero’s fund, is currently worth nearly $894 million. The fund represents just under 200 different securities which is unusual for most mutual funds — they typically work with upwards of 400 total securities. Of these 200 securities that are used at Highland Global Allocation (HCOAX on the ticker) Dondero likes to focus nearly 40% of his investments into just a handful of the selected securities. This sounds pretty wild, right? But it works out wonderfully.
Highland Global Allocation tends to rise and fall in dramatic swings, but these are expected and they are planned for. Look at how HCOAX fared in 2014 — they were one of the top investment funds in the world. Then Dondero switched gears, investing into energy, and the company ended up near the bottom of the leaderboard. In 2016 they were back on top. For those willing to endure this bit of stability the rewards are almost too good to be true.
James Dondero was born in in the city of Hoboken, NJ. Dondero went the University of Virginia where he studied accounting as well as finance before graduating. Dondero founded Highland Capital Management way back in 1993 and since then the fund has been steadily growing.
Modern culture is largely influenced by fashion and technology. Those two seemingly unrelated categories have been the biggest topics of discussion on social media if we don’t count controversial topics. Over the many years of development of both fashion and technology, the two entities have today come together and become inseparable in some cases. Fashion designers no longer wish to stick strictly to conventional fabrics. An increasing number of fashion designers have been reaching for more unconventional resources to use them for their creations. On the other side of the spectrum, technology developers have become more mindful on how their products look instead of neglecting the visual aspect. The have started opting in for elegance and precision in order to make them more appealing and to have a sense or art in what they put on the market.
In one of his more recent articles, serial entrepreneur Chris Burch takes a journey through time and goes back to the 70s – the era of the boom box. He traces the development of the boom box from a chunky heavy machine oriented only towards its function to play music, to its modern version which is the sleek modern gadget that easily fits in the pocket of your jeans and is only a tiny fraction of the size on the boom box. Another topic in Chris Burch’s article is the obvious change on the fashion runways. Many fashion designers have expanded their creativity to a point where they have started using unorthodox materials such as recycled plastic or metals or old newspapers. Amazing things can happen, in fact, when fashion and technology go hand in hand. A type of clothing was created that can turn kinetic energy into a usable power source through its movement. The electric energy the clothing creates is not enough to be used for big things, but it can easily charge a mp3 player, a watch or another type of small gadget.
Chris Burch, the creator of Burch’s Creative Capital which is an umbrella company for the most popular brands he owns, is extremely passionate about the development of fashion and technology together. He also has a lot of interest in interior design and different kinds of supplies such as stationary supplies. He enjoys creating products with a lot of styles and has an eye for both beauty and effective function. He is also a very successful startup investor.