Diversification refers to a technique meant to reduce the risks involved in the business by allocating different investments in financial instruments, industries as well as other categories. This strategy aims to help the investor maximize returns by investing in other business units that would register different results under the same economic situation. Most investment professionals have agreed that even though portfolio diversification does not really guarantee protection against loss, it is a vital component when it comes to reaching a long-term financial objective. Today, Hussain Sajwani is using the same investment strategy to build his real estate empire.
Hussain Sajwani’s Early Life and Business
Born in the Middle East, Hussain Sajwani had a close relationship with his father who ran a retail outlet that supplied stationery and additional items for men. Sajwani borrowed a lot of strategies for running the business from his father before joining a medical school in Baghdad. It was at that point that he decided to pursue a different line of work. He moved to American and entered the University of Washington for economics. This enabled him to learn more about resources allocation and how vital it was for a prospective business professional to learn how to handle different sources of income. With time, he joined GASCO and worked for two years before starting a business empire. Today, he is known as the DAMAC owner. This is a real estate company that has vastly provided real estate properties in the commercial and residential sectors. Perhaps Sajwani is successful because he has invested in different business empires under the same umbrella. As he puts it in a recent interview with the CEO Magazine, portfolio diversification has enabled him to survive different economic situations. For that reason, he is expanding his business to China.
Hussain Sajwani is willing to extend his presence to China since he believes that the new market is a growth opportunity for his brand, DAMAC Properties. The DAMAC owner is also well versed with the fact that China is an emerging business hub. This will be rewarding for his brand.