Browse Category: Investment

Randal Nardone Is A Major Financial Player

Randal Nardone is a businessman who co-founded Fortress Investment Group in 1998. He holds a number of executive positions with investment groups including serving as the CEO of Fortress Investment Group since 2013, the Principal of Fortress Credit Corporation, the Vice President and Secretary of Newcastle Investment Holding, and President and Chairman of Springleaf Financial Holdings. Randal Nardone is listed as number 557 on Forbes Billionaire List with him having an estimated wealth at 1.8 billion dollars.Randal Nardone studied at the University of Connecticut where he achieved a degree in Arts and Biology. He then went to Boston University where he earned a law degree.

Randal Nardone went onto work as a lawyer for a number of years where he worked for a number of prominent people. This experience gave him he connections and seed money he needed to move into the financial world.His move into the financial world began with the founding of Fortress Investment Group. He did this with a number of co-founders that allowed the investment group to become a major institution. He served on the management board since the founding of Fortress Investment Group in 1998. He was then appointed to the board of directors in 2006. He became CEO of the investment group in 2013.

This move was in response to the investment group being purchased by Softbank.He has served as director during this major purchase, and he had been able to keep the investment group profitable during this major change. Softbank purchased the group for 3.3 billion dollars. They paid $8.08 per share for this purchase.Randal Nardone hold major positions on a number of financial institutions along with media, marketing, and real estate companies. He serves as the director of Brookdale Senior Living. He also holds major positions with Gagfah and New Residential Investment Group. These organizations make longterm investments in apartments and homes.

 

Stream Energy Starts Stream Cares

The Dallas-based company of Stream Energy has created Stream Cares for their philanthropy causes. Not too long ago this direct-selling company launched Stream Cares. The launching of a separate arm of the company is relatively new to see. It offers the company dual advantages. It gives back to the community while it gets the respect and loyalty of potentially new clients and the public. Stream Energy has had a relationship with Habitat for Humanity and the Red Cross for a long time.

There is one particular cause that Stream associates care greatly for, and it is homelessness. The company and its associates go so far as to track how many homeless people there are in Dallas alone. Stream Energy and its associates covered the entrance price and the meals for over 1,000 North Texas homeless children at the annual Splash for Hope, hosted by Hope Supply Company. This allowed Stream employees and management to give them the experience of a lifetime, as well as money and supplies that they need. Hope Supply Company routinely gives diapers, clothing, school supplies, and more to homeless children. Stream has worked directly with Hope now for four years.

Stream Energy’s quick response to aid Texas tornado victims in meant that Stream and their employees worked directly with the Salvation Army. Streams associates raised thousands of dollars for the people that lost their homes and businesses. Stream matched those donations, which doubled the amount of donations brought in by associates. Stream has also worked with Operation Once in a Lifetime. It helped to provide both moral and financial support to Dallas area veterans and their families. Stream Energy donated transportation to the less fortunate military veterans and loved ones, so they could enjoy a special December meal at a highly praised Texas restaurant. Then the next day they co-hosted an American Girl Doll Experience for ten daughters of military members. Stream Energy associates gave essential support as each girl picked a doll and then later ate lunch at American Girl Café. Stream, as a company, paid for all the expenses of the experience.

https://www.dallasnews.com/business/real-estate/2017/05/22/stream-energy-sets-shop-new-addison-hq

Sahm Adrangi Speaks at Important Conference

Sahm Adrangi spoke at a conference called “The Art, Pain and Opportunity of Short Selling” on May third, 2018. The event, hosted at the New York Athletic Club by well-known New York investor, philanthropist and author Whitney Tilson, who gave the opening remarks that Thursday.

Sahm Adrangi gave the first speech of the night after Tilson, discussing ad fraud opportunities. Acknowledging that the business community still needs to fight against fraud, Sahm Adrangi says that knowing the impact of fraud on the market, focusing on diligence in investing and recognizing the links between short-selling opportunities and fraud can lead to some profitable opportunities. When a companies stock is about to take a huge dip in value is when ad fraud is most likely. By staying informed of this a short-selling investor can prepare and be ready when it happens.

Head of Kerrisdale Capital, Sahm Adrangi began the company with $1 million in capital. He now manages over $150 million and has made a name for himself in the industry. Sahm Adrangi is also known for his massive success short-selling several fraudulent foreign companies, including several from China.

Adrangi was followed by David Einhorn, head of Greenlight Capital since its founding in 1996, and many other financial luminaries from around the world, such as Soren Aandahl of Glaucus Research Group and Enrique Abeyta Ubillos from Project M Group. They spoke on such topics as “Tesla is STILL a zero”, “The Other Greek Parmalat” and “The Best/Worst Short We Ever Had.”

“The Art, Pain and Opportunity of Short Selling” started at 7:15 with a breakfast and ended with a reception at 4:30. It was focused on many of the small nuances that exist in successful short selling, both basic and advanced ones that even experienced investors might not know. This information is helpful to short sellers as they are being hit hard by a long bull market right now. First quarter earnings were not what most investors expected, and many analysts are predicting a lot of movement in the next few years among long and short investors alike.

https://www.benzinga.com/topic/sahm-adrangi

Is Shervin Pishevar A Psychic? Perhaps – We’ll Never Know

If people could reliably – even halfway-reliably – predict things, they could quite literally make livings through gambling; technically, it couldn’t even be called gambling. While some people are professional gamblers in somewhat-predictable areas of betting like sports, most people’s abilities for predicting things are horrible.

Let’s look at one of Silicon Valley’s top investor’s predictions and statements about the economy, financial instruments, and business at large. All of them weren’t correct – the man isn’t a psychic – though a fair amount of them was, in fact, on point.

The man’s name is Shervin Pishevar

First-generation Iranian immigrant Shervin Pishevar unleashed a level-headed slew of tweets in the first week of February 2018. As we approach the six-month anniversary of Mr. Pishevar’s memorable tweetstorm, let’s look back at some of the things he asserted as fact – things that can’t reliably be measured, therefore making predictions inherently impossible – and other market events he quantified and got correct – Shervin Pishevar just might be Ms. Cleo in disguise.

Bitcoin fell even further from its December 2018 peak

On February 6, Shervin Pishevar declared that Bitcoin – the world’s first cryptocurrency was trading for roughly $7,900 on February 6, 2018 – would drop to anywhere between $2,000 and $5,000 in terms of USD per bitcoin. Thus far, the cryptocurrency has, in fact, reached a low price of roughly $5,700 this year – to be precise, the digital currency dropped to that low on June 24, 2018.

Though it never reached a true $5,000 US Dollar per bitcoin mark, Shervin Pishevar’s prediction got pretty close.

Gold would get more expensive, he said

The price of gold was between $1,330 and $1,320 per ounce throughout February 6. Although 2018 has yet to close as of July 31, 2018 – there are, in fact, five more months left in the year – the precious metal is currently trading about $100 less today than it was in the first week of February.

You win some, you lose some – then again, Shervin Pishevar didn’t specify a time horizon, making it not possible to make a judgment on his tweet’s accuracy yet.

http://www.siliconbeat.com/tag/shervin-pishevar/
https://www.linkedin.com/in/shervinpishevar

Louis Chenevert Is A Gem As A Leader

Canadian businessman Louis Chenevert to surround yourself with successful people. A strong team that works well together will eventually make it to the top. Mr. Chenevert experienced the opposite at a job in his early career and it impacted him greatly. From there he knew that treating everyone with respect, listening, and working as a team would be crucial to success.

Mr. Chenevert earned a Bachelor of Commerce degree in Production Management from HEC Montreal in Canada as a young man. With a passion for business and desire to be successful Louis worked his way up for a number of well known companies including General Motors. His first position there as first line supervisor at an assembly plant was one of the worst jobs he had. This was also the second shift so it was even more challenging. He found that management would not take the time to listen to employee, which greatly impacted Louis and how he would be as a leader. Employees would often have great input and ideas that would not see the light of day. After 14 years working his way up in the company, Louis Chenevert was ready for a change. He started working for Pratt & Whitney, a company under the umbrella of United Technologies Corporation in which he would run one day. With time eventually he would become Chief Executive Officer, President, and Chairman of the Board for UTC. With a long career under his belt he retired at the end of the 2014 year. He revolutionized their jet engine by incorporating the most advance technology and helped United Technologies Corporation acquire Goodrich aerospace, all the while not doing any unnecessary firings or compromising the environment. Louis Chenevert was able to accomplish this tremendous feat with relentless focus, follow up, talented individuals, and lots of passion. He believes with the right team anything is possible. Listening to individuals who are don’t want to accomplish the same goals will disrupt the outcome. In 2015 Goldman Sachs Merchant Banking Division had the pleasure of gaining this remarkable individual as their Senior Industry Advisor. Louis Chenevert also sits on a number of boards and has won awards for his outstanding work.

http://www.utc.com/News/News-Center/Pages/UTC-Chairman-Chief-Executive-Officer-Louis-Chenevertrecognized-with-the-Publi.aspx