Fortress Investment Group, a wildly successful company that Wes Edens is a co-woner of, owns a train that is making quite a difference for residents of Florida. The Brightline train was introduced to make transportation between different areas easier. The rail system is sure to be enjoyed by its customers after the service between Miami-West Beach and Orlando eventually is introduced. This service will help make the 235 mile journey a lot easier and more affordable for residents of this area.
Thanks to Wes Edens, the future of the British Aston Villa soccer club is looking brighter. He and Egypt’s Nassef Sawiris have recently made a huge investment in the team, which will likely have a significant positive impact on its hopes of becoming a contender in the Premier League.
This, however, is not the first time that Wes Edens has invested in a sports team. He has also been the owner of the Milwaukee Bucks for a number of years now, and he is dedicated to helping the basketball team flourish. Edens is also active in eSports, and his team, FlyQuest, is among the top teams competing in League of Legends.
Wes Edens is one of five men who together founded and co-own Fortress Investment Group, the company that has made them all quite wealthy over the past two decades. Wes Edens was recognized by the Wall Street Journal a number of years ago, and the writer described his investing style positively, saying that his unique strategies and talents played a large role in the success of Mr. Edens’s investments throughout the course of his career.
Mr. Edens graduated from Oregon State University, which is where he received his B.S. in Business Administration and Finance in 1984. Between completing his studies and forming Fortress Investment Group with business partners, Edens gained an entire decade of professional experience in the finance world, which certainly has aided him in his rise to success in recent years.
He is the former Chairman and Chief Executive Officer of United Technologies (UTC) Corporation. Back in 2008, Louis Chenevert also was President and Chief Executive Officer. Then in 2010, he took the Chairman position and stayed in that capacity until retirement in 2014. Louis Chenevert has had a long enduring career. One that spans over a 14 year cycle while also working with General Motors leading as the Production General Manager in the St. Therese operation within the organization. Louis Chenevert’s banking background comes from joining Goldman Sachs as the Senior Industry Advisor inside the Merchant Banking Department from 2015 to 2017. In addition to this role, Chenevert maintained membership with the Business Council and he US-India CEO Forum. While he served on the Board of Directors at Cargill Inc, he took on the impressive title, last year, as Chairman of the Congressional Medal of Honor Foundation.
Louis Chenevert explains that the concept for UTC came from several executives, small strategic teams and a desire to tackle customer needs and provide killer products that met a 30 year product cycle goal. Chenevert adds that those ideas became a reality when they focused on acquiring exceptional talent in operations and engineering. The goal was to have these individuals drive the concept of going far beyond a customer’s expectation and increase revenue with support staff. He states that they used tools, autonomy and funding to small teams and leadership to help change and strengthen products. It was highly important that all objectives where met.
Chenevert says the one trend that sticks out the most to him is the speed of technology. This has developed a list of opportunities for his organization far into the coming years. He goes on to mention his habit of productivity as an lone entrepreneur is not necessarily just one thing, but having a persistent follow up and sharp focus are some of the key things that have catapulted his success professionally. In the end, Louis Chenevert stresses to one should always surround themselves with winners and those who find issues early in the game.
Paul Mampilly is an investor, financial expert, and author who helps the average American to become a better investor. He believes that cryptocurrencies are on the verge of crashing and has been advising people to get their money out of them. He is letting people know that the cryptocurrency bubble is going to burst, and he believes it will be akin to what happened during the explosion of the internet in 1999. That’s when a spread of technology stocks shot up in price, but this was before they would sink to new lows during the 2000 and 2001 calendar years. Read this article at Forexvestor.com.
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Paul Mampilly is pointing out that anyone who invested in major cryptocurrencies over the over the last year has most likely made a lot of money. He has also been working to explain what cryptocurrencies are to people who have no idea about them and has commented that they are a digital currencies that are not controlled by a centralized organization or government. They are decentralized, and Bitcoin was the original cryptocurrency. Due to its popularity and growth, many other cryptocurrencies came about, and now, there are a plethora of them. There are only really two cryptocurrencies that are competitive with Bitcoin, and these are Litecoin and Etherium.
Paul Mampilly is also trying to explain to aspiring investors what an economic bubble is and how it comes about. He has commented that this kind of thing happens when any kind of asset is bought and sold at a price that is much more than it is actually worth. He also has spoke about how bubbles are hard to see coming, ahead of time, but that there are telltale signs that investors can be on the lookout for. One of these signs, according to Mampilly, is when the asset is trending so much that it generates a crazy amount of excitement around it. Sharp and sudden huge spurts of growth will not continue over time, and this means that Bitcoin will probably crash at some point.
Paul Mampilly has commented that he believes people can still profit after the crash, because the technology behind cryptocurrencies is amazing. They are ran by what is called the blockchain, and this technology is allowing for a very secure system of records to be constructed. He believes there is a more long-term future for cryptocurrencies and that people should be looking at the long-game rather than short-term gains. Visit Bizjournals.com to know more.