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

Wes Edens Continues to Accomplish Great Things

In 1984 Wes Edens future looked bright. He had just graduated with a Bachelors in Finance from Oregon State University. While many people go on from college to live an average life, he made sure his life was far from average.In 1987 he became a partner and managing director at Lehman’s Brother where he stayed for six years. Afterward, he went to a private investment firm before he started Fortress Investments with four other gentlemen.What makes their company unique is the fact that they became the first public buyout firm in 2007. With Wes Edens ability to look at his company with, as the Wall Street Journal puts it, “contrarian bets, creative financing and a knack for building a business from investments” the company soared, selling eight percent of their stocks for a total of six hundred million by 2009.

In addition to focusing on his own business, he gladly helps with other companies that Fortress Investments has acquired. One of these is Springleaf Financial Services, which at the time of purchase was known as American General Finance. This is particularly special to Wes Edens because he spearheaded the purchase of this company and helped it to grow from one hundred and twenty-four million dollars initial investment to three point five billion dollars in a mere five years.Another company is Nationstar. Nationstar is a mortgage company. After purchasing the business, he helped them focus their efforts on advocating for rehabilitating foreclosure homes which helping them to sell at better prices.

This was crucial as he came into the company two years after the recession hit.One of his accomplishments not related to his business was the purchase of the Wisconsin Bucks Basketball Team in 2014. He promised the community that he would keep the team in Wisconsin and build a new area for the team as well. In 2016 he held to his word and the five hundred and twenty-four million dollar project is set to be completed later this year.Many of us want to do great things but in the last thirty-four years since his walk across that college stage, Wes Edens has done great things and he is not stopping here.

Paul Mampilly afraid Apple stock will decline

Apple is the biggest cell phone manufacturing company in the world. It has been one of the best-performing companies from the last decade especially due to innovations which characterized the company’s performance. Under the leadership of Steve, Jobs Apple managed to introduce these unique products into the market. There was the iPad, iPod an iPhone. The iPod was the first product to be introduced in 2001, I-Phone followed it in 2007, and the IPad came later in 2011. These products define what Apple is all about. The products have built the company from a little company to a world-leading firm.

Due to the rapid growth that the company recorded in the last decade, the company attracted many stock investors. For the last ten years, the company was making consistent profits. Investors who took the opportunity have managed to make good profits from the increase in stock prices.However, according to investment adviser Paul Mampilly, it is no longer prudent to invest in this company. The good days of Apple are over. The company can no longer make consistent profits. It has failed to keep up with the innovation trend in today’s market. The company has not released any new product since 2011 under the leadership of Steve Jobs. Since he died, the innovative edge of this company was also gone. They no longer make products that were bringing a new revolution in the world like the three products.

Paul Mampilly is reading into this lackluster performance from Apple and is predicting that it will start affecting the company very soon. There is no way the share value of the company will continue going up while there is no productivity. The company needs to introduce new products in the market which will improve its sales. Paul Mampilly thinks that 2018 will not be a good year for Apple. For the first time in a long time, the stock process will go down. Investors who are thinking of investing in the company need to reconsider their decision. A company that has not introduced a new product in the market for the last seven years cannot continue doing better. There will be no driving force to take the sales up.

About Paul Mampilly

Pail Mampilly a former hedge fund manager with a firm called Kinetic Assets Management. He is also the winner of the Templeton awards in 2009 and the author of the “Profits Unlimited” newsletter.

Richard Blair’s Professional Certifications and Services Offered at Wealth Solutions Inc.

Wealth Solutions Inc. is a highly sought-out-after investment advisory firm in Austin, TX. The firm’s founder, Richard Blair has been actively investing and consulting since he completed his university education in 1993. The relentless quest to further his education stems from the brilliant upbringing Richard Blair got as a child. The financial wizard hails from a family of teachers. Both the mom and the grandmother were career teachers. These teachers mentored the young Blair on the value of getting a quality education. Blair learned from an early stage that education coincided with confidence and superior life achievements. Little did Richard know he’d also turn out to be a charismatic financial tutor and adviser to thousands of people.

 

Since then, the legendary investment broker has continued to add more certifications to his name. today, Blair’s impressive portfolio lists him as being a registered member of the following professional bodies:-

 

Certified Annuity Specialist (CAS)

 

Certified Fund Specialist (CFS)

 

Certified Estate and Trust Specialist (CES)

 

Investment Adviser Representative

 

Certified Income Specialist (CIS)

 

Certified Tax Specialist (CTS)

 

Retirement Income Certified Professional (RICP)

 

Richard Blair on Retirement

 

Many people, according to Richard Blair, make terrible mistakes in their pre-retirement investing and they end up suffering the ravaging consequences of retiring without having a solid plan to sustain them. With the guidance of Richard Blair and his vastly exposed staff at Wealth Solutions Inc., clients always have the guarantee that their financial future is in safe and trusted hands. The investment firm has been researching for decades and they’ve finally come up with the most effective and optimal strategies to make sure you have absolutely nothing to worry about with regards to your retirement, taxes, wealth management, and real estate acquisitions.

 

Tailor-made Financial Services

 

The overall customer experience at Wealth Solutions is nothing like you’re used to at the other American registered consulting firms. In most US firms, clients have to come to terms with the one-size-fits-all investment approaches. But, at Wealth Solutions Inc. clients receive holistic and tailor-made services at very competitive rates.

 

Sign Up Now!

 

Wealth Solutions started in 1994 and has steadily risen and grown to become a five-star rated financial consortium, not just in Austin, in surrounding states as well. Blair’s firm has spread its wings and they now have offices and branches in far-flung locations like Georgetown, Marble Falls, Bastrop, and New Braunfels and finally, in Houston, Texas. Sign up with WSI and benefit immensely from their outstanding financial consultation.Use their tips and ideas to secure your assets, and learn more about how to invest and save for the golden years ahead. Learn more: http://www.wealthsolutionsria.com/p/my-story