We took Fortress public, sold it to SoftBank, bought the Bucks, won a championship. Not bad for a kid from Oregon State.
I like investments that are complicated. Complicated means fewer bidders. Fewer bidders means better prices.
Fortress was the first alternative investment firm to go public. Everyone said it was a mistake. We proved them wrong, then sold to SoftBank for $3.3 billion.
The Milwaukee Bucks were $550 million. Everyone said we overpaid. The team is now worth over $3 billion and we have a championship trophy. Who overpaid?
Natural gas is the transition fuel. You cannot go from coal to solar overnight. Something has to bridge the gap. That is what New Fortress Energy does.
Owning an NBA team teaches you something PE never does: 20,000 people show up every night to tell you whether your investment is working.