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Business Leader/Investment Guru

Defining success the Peter Briger way

Posted by WA6 on

Combining business acumen and philanthropy has always been a goal Peter Briger has held close to him. He has in recent years been able to achieve this as he continues to grow both. He is today a member of various boards some as a business advisor while others are purely for his philanthropic causes. This includes the Silicon Valley Leadership Council for the Global Fund for Children and the Council on Foreign Relations an initiative geared towards a better understanding on what foreign relations entail among citizens and elected leaders. His contribution to these groups are essential as he already has a lot of experience working on the global stage, including the various committees he worked with and for during his time at Goldman Sachs this include the Global Control and Compliance Committee and Asian Management Committee. These Committees exposed Peter Briger to the way business is conducted in other areas of the world and he is thus quite an authority in the area.

He holds an MBA from the Wharton school of business which compliments his understanding of anything business. He did his undergraduate at Princeton, where he remains a very proud and active alumnus to this day. He was in fact very instrumental in the formation of the Alumni Entrepreneurs Fund (AEF) a fund geared towards helping upcoming entrepreneurs achieve success. Princeton was determined in growing its entrepreneurial badge and as such reached out to some of its most successful alumni. Peter Briger a firm believer in entrepreneurship was quick to jump on board contributing both time and money to the AEF. The fund offers approximately a hundred thousand US dollars to every approved proposal to help it grow.

The initiators are also guided by accomplished entrepreneurs who continuously over invaluable advice at all points. Today Peter Bridger is the Co-Chairman, Co-CEO, principal, and president of the Fortress investment group. This is no mean achievement having joined the group in 2002 from Goldman Sachs. He has been able to see the group grow to a 65-billion-dollar group with interests in almost all areas around the world. Today it’s listed on the stock exchange and continues to grow its presence in all the emerging areas as it looks to grow its investment portfolio. Peter Briger believes that he can juggle all these responsibilities and even take on more in the future as his experience as a leader grows too. He is also listed as one of the most influential business leaders in the country.

Entrepreneur/Investment Guru

Goldman Sachs Taught Peter Briger Valuable Lessons

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Some deem Goldman Sachs to be the top US bank, replacing JP Morgan. What did Peter Briger learn from Goldman Sachs? What valuable networking connections did he gain?

Goldman Sachs History

Goldman Sachs was started up in 1869 by Marcus Goldman and Samuel Sachs. Goldman Sachs is not the oldest American bank. It is not even the largest American bank; but, Goldman is turning heads with its power, influence and prestige.Not only is the White House filled with ex-Goldman Sachs operatives, but so are capitals around the world. Some wonder with such an extensive network if anyone really leaves Goldman Sachs. The global connections have made it so that Goldman Sachs employees have more leverage and influence than others. Peter Briger knows the players on the global stage; he needs no introductions.

Post 2008 Credit Crunch

The 2008 Credit Crunch changed everything. That is an interesting footnote for history. You never really know the true impact of an event until centuries later. The Chinese have a saying – “The wings of a butterfly in the East can cause a tornado in the West.”While Goldman Sachs was at the heart of the failure of Bear Stearns and Lehman Brothers, somehow it was unscathed. In fact, some think it was stronger thereafter. Goldman Sachs received a bailout, but it was not a lifeline that they needed to survive. It was more of a political reward, giving them Zero Interest Rate Policy (ZIRP) funds for free. Isn’t that really what ZIRP is all about – free money?

Last Bulge Bracket Bank Standing

The Too Big Too Fail moniker has been replaced with the Bulge Bracket Bank. Of course, Goldman Sachs is one of these Bulge Bracket Banks. Their returns are consistent, positive and much higher than normal banks.Peter Briger might have learned how valuable the Goldman Sachs network was. Goldman Sachs has provided Peter Briger with not only important American political and financial ties, but global ties.With Goldman Sachs, Peter Briger learned the delicate procedures needed to make capital flow. He was part of important deals and understood what was expected of bankers. He started at the top of the food chain.Peter Briger learned how to survive downturns. He knew how to engage in careful risk management. Goldman Sachs is like the fly on the wall in power blocs around the world.