It is said by the wise that one good secret in succeeding in any venture (whether in sports, stocks, marketing or online games), you must do trial and error. The trick here is not to be bored with the stressful act of trial error, but just be discouraged instead with one specific venture. This means that you should bifurcate to another type of experiment should the previous one proves too dull for your attention. In the case of Wes Edens, the Co-chairman of Fortress Investment Group, the value of trial and error and its role in hitting on the right venture that can have tremendous gains cannot be overstated.
The Fortress Investment Group Success
It is accurate to say here that Fortress Investment Group has already reached the kind of success that no ordinary trader could seem to reach. That said, Wes Edens role in the growth of Fortress Investment Group started in 1998, where he founded and helped the growth of the company with support of his partners, Peter Briger Jr., Robert Kaufman, Randal Nardone, and Michael Edwards. Their team had been some of the most outstanding traders in the industry, and the expertise that they offer to their clients are also known to be unmatched. From there, Fortress became the first buyout firm that’s been publicly traded that February of 2007. It was also a remarkable feat that Fortress was able to sell an 8% share to the general public at a total value of $600 million in 2009.
With the kind of success in the trial and error style of Wes Edens, he was also able to make Fortress acquire different assets in the field of private equity and public assets. When Nomura Holdings acquired a significant share of the company in 2006, Wes Edens and his partners became paper billionaires and had been ranked by Forbes as part of its list of billionaires in the world. Truly, without the trial and error strategy in the investment vehicles of Wes Edens, it might be a bit difficult to see his success to push through.
It should not also be hard for Wes Edens to understand the value of trial and error in investments. He’d been honed already in his previous experience. For the simple reason that he was already part of the Lehman Brothers investment strategy group, he mightily already knew that for a trade to be successful, it has to come from a variety of unexplored strategies rooted in trial and error without risking too much in the error part. The work he did before Fortress was mainly as a managing director of Lehman Brothers in 1993, where his work was appreciated enough for him to be elected as its managing director. His work there ended when he decided to move to the prominently known trading firm BlackRock Asset Investors as the manager of its private equity assets.
It’s also necessary to mention here that there has to be a limit on a person’s involvement in trial and error strategies. Mr. Edens was wise enough to know where it should end.
To know more visit @: en.wikipedia.org/wiki/Wes_Edens