In the Name of Money?

May 29, 2014

In the Name of Money?

U2 has jumped into the investment fray to support Fender, an iconic brand name and manufacturer of famous guitars. Fender has been backed by Weston (not Western) Presidio, an east coast/west coast investment firm. Bono, in addition to being a brilliant composer of music and performer, is a sophisticated and proven investor. One only has to look at the amount of wealth he generated from his investment in Facebook. Bono has also invested in various funds and has a proven track record of success beyond Facebook. He and his U2 band mate, The Edge, who is new to the investment game, are investing their own dollars into a struggling Fender. I wouldn’t bet against them or Fender.
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