David Zalik shuns Silicon Valley pretensions, focuses on what works

Even though the bursting of the dot-com bubble culled some of the crazier elements from the world of tech, the sheer inertia and cash inflows that the industry has enjoyed have continued to give rise to a culture of excess and pretension.

This is most apparent in the corporate cultures of some of the largest Silicon Valley corporations where destructive Marxist folk heroes like Che Guevara are often held in higher regard than Milton Freidman or Adam Smith. Corporate headquarters are often adorned with such out-of-place accoutrements as ping-pong tables, video-game arcades, beanbag chairs and even on-site beer dispensers. This college-dorm atmosphere may help in recruiting hard-partying frat members. But its overall utility in the business world is highly questionable.

GreenSky Credit takes the no-nonsense approach

But GreenSky Credit founder David Zalik saw through all that from the beginning. And his sensible approach to business went much further than just surface appearances. Zalik has consciously eschewed all of the trendy techy stuff, creating a headquarters with 650 people that looks like any other serious Midwestern enterprise. And in its business, GreenSky Credit has never sought to tear down the system and replace it with some financial utopia. Far from it, Zalik has concentrated on working within the system, using technology to eliminate frictions and create a more responsive and efficient marketplace.

This goal has been met by almost any standard. GreenSky is currently worth an estimated $5 billion. The company does approximately that number in loans every year while growing at a phenomenal rate of around 100 percent each year. Zalik has accomplished this by doing the exact opposite of what many of his wayward fintech competitors were attempting.

GreenSky loans money only to those in the prime borrower category. The typical GreenSky customer has a FICO score of 760, making them among the most creditworthy applicants. And this high quality of borrower has enabled the company to make an easy case to lenders to partner with it. With some of the largest and most trusted banks in the nation underwriting its loans, Zalik and his company are poised to stay at the top of the fintech game for the foreseeable future.

https://www.businesswire.com/news/home/20180806005296/en/American-Express-GreenSky-Team-Fuel-Business-Growth

The Face of Determination and Hard Work: James Dondero

When it comes to hard work and determination, few people feel the payoffs more than the founders of Highland Acquisition Corporation. James Dondero, co-founder, Chief Executive Officer, and President of the Board of Directors of Highland has had a long road and successful career to get where he is today. James Dondero is now the leader of one of the largest investment firms in the Dallas area, and he is showing no signs of stopping his rise anytime soon. Visit Nexbank to know more about James.

Dondero started his career shortly after leaving the McIntire School of Commerce with a B.S. degree in Accounting and Finance at the University of Virginia. He found himself in a job at American Express in 1985 as a corporate bond analyst. After spending a few years learning the ropes, Dondero was able to help the firm grow and manage a $1 billion portfolio of fixed income funds. He soon found his calling, and moved to a much more lucrative position as a Chief Investment Officer of Protective Life’s GIV subsidiary. At Protective Life, Dondero used his business know-how and determination to grow a modest fund into over $2 billion in assets.

Now that James Dondero knew how to successfully work with investors and manage a fund, he decided to go all-in and start his own firm. He founded Highland Capital Management and never looked back. Visit nexpointliving.com to know more about James Dondero.

During the early years of Highland, Dondero focused on building up the collateralized loan obligations (CLO) market there. He also focused on working with several different customers, including public pension funds, funds of funds, endowments, foundations, governments, and financial institutions, to help diversify his base. He also decided to include emerging markets and other alternative markets in his company’s menu of options to help not only grow and diversity, but to attract new clients. In just a few short years, Dondero grew Highland to over 18 billion in managed assets.

When he is not working with his fund managers and growing his business, James Dondero enjoys spending time with other corporate Boards, including the American Banknote, MGM Studios, and Southern Methodist University School of Business Board of Directors. He is also involved in charitable giving to Snowball Express, the Perot Museum of Natural Science, and Education is Freedom. Overall, his focus is to continue his work to help put Dallas on the map as the location of dedicated and determined fund management companies.

Read: https://www.bloomberg.com/research/stocks/private/person.asp?personId=2159086&privcapId=37846394

Ted Bauman Reminds People To Prioritize Value Over Price

Financial experts would say that the three most important numbers in our financial life are our income, credit score and net worth. The fact that most people would assess you based on these numbers, and probably most especially, the third one, shows the actual importance of the net worth of someone like an entrepreneur or a business developer.

We may not want to admit or think about it, but to a lot of people, these three numbers might even be more important than we think they are. However, is our net worth even accurate? If so, how important is it to know how accurate the calculation of someone’s net worth actually is? The bad news is, according to Ted Bauman on tedbaumanguru.com, theirs is a pretty big chance that people heading to their retirement are going at it with a faulty figure.

One of the factors affecting the inaccuracy of our net worth is the difference between price and value on sovereignsociety.com. Ted Bauman cited a $300 video game console for example. Was the product worth the price? Surely for $300 one can buy other things that are more valuable. The price/value relationship, like most, is very complicated. Like how fidget spinners were a huge thing a couple of months before, and it sold at high prices while it was a hot entertaining toy, especially for kids and teenagers (even though adults were buying fidget spinners as well to “relieve stress”). However, now that people are bored, fidget spinners have lost their value in the market, and that tells us that anyone who bought them during the end of their lifespan to sell at a higher price might’ve faced money loss according to tumblr.com.

Inequality is one of the biggest things that affect people’s net worth as well as retirement. It has been proven that younger generations are not earning as much as the generations before them. So what will happen when a retiring couple plans to sell their house, but younger generations can’t afford to buy their homes at the estimated value of their net worth? This is why Ted Bauman advises people to plan their retirement around value and not price, because the quality of things changes over time and is sometimes hard to predict.

Ted Bauman is the editor of The Bauman Letter and has been with Banyan Hill Publishing since 2013. He has dedicated his life to helping people get in touch with resources they need to really lead a sovereign life, free from corporate greed and governmental insight.

Visit https://seekingalpha.com/user/48547799/comments for more details about Ted Bauman.

Buy From the Best: The U.S. Money Reserve

USMoneyReserve.com is now the new and updated face of U.S.Money Reserve. The new look of the site is a reflection of the leadership status of the company in the industry of precious metals. It also reflects the core values of commitment and trust to superior customer service of the company. The redesign features the distinguished brand of the company through photography and also features the former U.S. Mint Director and current President, Philip N.Diehl. The newly designed site also features the new coin in a photo gallery. The site was created in order to educate consumers as well as enhance the experience of purchasing precious metals with gold coins.

 

Ryan Buchanan,VP of Brand and Creative, oversaw the entire redesign and wanted to create a secure online store where consumers all over the world could purchase precious metal products. The expanding online store provides competitive pricing on silver bullion and bars, as well as gold. The U.S. Money Reserve also offers PCGS certified coins for the metal purchaser.

 

Customers can even visit the Knowledge Center for information on precious metals and sign up for a free gold information kit. With the Client-Connect Advantage, clients can consult with the U.S. Money Reserve for one-on-one consultations, purchasing assistance, offline transactions, and offline releases. U.S. Money Reserve also offers a BuyBack Guarantee and is the best return policies in the industry. They will give a full refund on coin orders at current market value within 30 days.

 

U.S. Money Reserve strives to be the most trusted in the business and have assisted countless customers make decisions about their gold, silver , and platinum purchases over the years. U.S. Money Reserve employs a highly trained team of professionals that are equipped with knowledge to offer the best service.

 

The U.S. Money Reserve was founded in 2001 and is located in Austin, Texas. U.S. Money Reserve has countless clients that rely on them to diversify their assets in the form of gold and silver coins.The U.S. Money Reserve has been in business for over a decade and has served over 400,000 clients. It is one of the county’s largest distributors of U.S. government-issued coins and strives to deliver the highest level of customer service as well as the most impressive gold coins on the market. Because of their choice to purchase their coins form the U.S. Money Reserve, many customers are in profit today.

 

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