Investing in an actual business is much different than investing in real estate or stocks of a larger public company. Much of the wealth that citizens hold is built upon owning a small to medium size business. The size of the business is all relative to the location and genre of types of business you are involved in. Regardless of the size, running a business takes time, effort and a skill that not all people have.
After a long, illustrious career, James Dondero co-founded his own firm and is now the president of that firm. The firm is Highland Capital Management, and it specializes in high-yield and distressed investing. He is also at the forefront of the firm's collateralized loan obligation or CLO market. Highland Capital Management is in the business of offering its clients CLOs, ETFs, REITs, mutual funds, private equity funds and hedge funds. After James Dondero opened Highland Capital Management in 1993, he became a big deal in the alternative credit industry. Today, the firm is assisting private investors with their distressed accounts, equity accounts, [...]