Mike Nierenberg is without a doubt one of the most versatile investment managers in New York and one of the most respected real estate experts around the world. In his long career, he is fortunate to have worked with some of the best investment companies. In his latest interview, he pointed out that working for different companies expanded his view on management and investment in general. Here are some of the lessons he has learned from his two decades career in investment management. Working with companies such as Bank of America Merrill Lynch has helped him in understanding different dynamics in the global market for alternative investments.
Big banks such as Bank of America Merrill Lynch have unmatched policies, and according to Mike, some policies are long term. From this institution, Mike Nierenberg understood that having a long-term view on investment is ideal especially in the money market. The same applies to his business tenure at JP Morgan, where he points out that although the organization was relatively smaller to Bank of America, the same long-term approach still applies. Second, in the last two decades, he has understood the worth of working as a team. Teamwork according to Mike Nierenberg is underrated but is the key to capitalizing on the investment trends. Regardless of the company he has been part of, some structures encourage teamwork.
This understanding according to him has helped him to apply the same philosophy at New Residential Investment Corp. Thanks to his execution of this ideal, the company growth is currently at its best, and many pundits believe that in the next five years, it will be a global reference point in real estate. Thirdly, in his long career, Mike Nierenberg understands the value of service expansion. Although the best place to capture what a company is passionate about is from a blueprint, change is important. In all the companies he has been part of, there is an aspect of change. Unlike many investment markets, dealing with real estate requires a company to understand that some factors are not constant and changing is therefore important. He has helped many companies to adapt to changes. Some of the companies include Fortress and JP Morgan. Click here.