Investment banking seems like a field of winners when you investigate the industry from the outside. Reading stories may lead you to think that every single person that enters the field simply begins their own hedge fund, then becomes rich and retires. However, this is a view without the understanding of the competitive and intelligent nature of investment bankers on nexbank.com taken in mind. For every billionaire that made it rich through trades and investments, there’s a banker that attempted to strike it rich through their own hedge fund, but didn’t have the foresight in the market to make wise decisions, and ended up paying for those mistakes. For every winner there is a loser, and occasionally those who lost can pick themselves back up to learn from their mistakes to become one of the winners. Nevertheless, investment banking is not in any way easy or predictable and those who stand as successes made it their through wisdom, experience, foresight and some luck.
James Dondero is a prime example of a student of the craft. He began his investment banking career at University of Virginia by majoring in accounting and finance. His duel major allowed him insight into a market that was just about to make leaps and bounds, through which he would have the opportunity to learn a lot and make a lot through some well placed trades and wise deals that paid off in the end. He then had experience at American Express managing the investment of almost $1 billion. Following his experience in money management, Mr. Dondero went out on his own to begin an investment company called Highland Capital Management. As a co-founder and President of Highland Capital Management, James Dondero has grown the company to become worth more than $21 billion. He has earned investors from many different fields and classes, with a variety of interests.
James Dondero has become well regarded for this expertise that he has acquired through decades of experience. Because of his efforts, Highland Capital Management has become the worldwide leader in global allocations. Additionally, Mr. Dondero has consistently revolutionized offerings that he has provided for his investors. He has routinely offered sound advise on the market, that turns out to be true more often than not, and is a quiet leader throughout the investment world. He is the type of investor that other investors read in order to gain a strong insight into the market. No doubt this experience and foresight has paid off, making Mr. Dondero one of the wealthiest men in America, but it has also paid off for all his investors.