Recently, the co founder and President of Highland Capital Management talked about his approach to investing and making deals for his firm. James Dondero has revealed his keys to success and overall approach to working in the finance industry.
Dondero says that one of the ways in which he makes profitable deals for his firm is to look for ones that have potential to increase in value in the near future. This allows the firm to invest in securities that will make a considerable sum of money. Along with looking for investment opportunities, James always looks over the benefits of various debt and credit based securities. When looking to make various deals for his firm, James will keep track of all of the latest trends in the securities industry so that he is aware of what potential deals are available.
In 1990 James Dondero collaborated with Mark Okada to found the firm Highland Capital Management. The firm was first a life insurance provider and emerged as one of the top firms in the industry. While Dondero was successful in founding a life insurance company, he looked to make his firm more versatile. In order to achieve this objective, James expanded the products and services of his firm to include things such as asset management and providing financial advisory services. Within the next several years, Dondero was successful in building Highland Capital into one of the most reputable and comprehensive financial services firms in the world.
James attended the University of Virginia and majored in accounting and finance. He graduated with degrees in these two fields and received high honors. Thus he was a very distinguished student during his college years. When he first worked in the finance industry, he held the position as a credit analyst which enabled him to begin evaluating the risks and profit potential of credit based securities. Dondero would move up to higher positions in his career which culminated in his appointment of chief investment officer. With this position, he would manage assets for large corporations on a regular basis. In his spare time, James participates in a number of philanthropic activities.