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Michael Lee-Chin Quotes

I’m making a case against how money managers are handling customers’ money. The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that’s not the way wealth is created Picture Quote #1

My wealth came from growing businesses. I had wealth, but not liquidity. Basically I transferred illiquid shares of AIC for liquid shares of Manulife. Now I’m the biggest individual shareholder of Manulife Picture Quote #1

You can’t look at the intrinsic value of gold as you can a business. Gold doesn’t give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn’t give you dividends Picture Quote #1

I wouldn’t be where I am, if not for Jamaica. My formative years were here. I wouldn’t have the confidence that I have if I wasn’t born here, because growing up here I knew I could become anybody I wanted to become. There was no ceiling on top of me Picture Quote #1

I wouldn’t have become an engineer, I wouldn’t have done what I did, had a hand not been held out to me. I have to remember who helped me when I needed help. The people of Jamaica helped me. I can’t forget that. I would be ungrateful if I forgot Picture Quote #1

I didn’t generate my success by being a prognosticator. I developed my reputation building our businesses by building great businesses and making them more efficient Picture Quote #1

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The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that’s not the way wealth is created Picture Quote #1

Gold is a commodity; over the long run, as we look back, it has not been a good investment. You can’t look at the intrinsic value of gold as you can a business. Gold doesn’t give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn’t give you dividends Picture Quote #1

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Text Quotes

I’m making a case against how money managers are handling customers’ money. The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that’s not the way wealth is created (Michael Lee-Chin Quotes) My wealth came from growing businesses. I had wealth, but not liquidity. Basically I transferred illiquid shares of AIC for liquid shares of Manulife. Now I’m the biggest individual shareholder of Manulife (Michael Lee-Chin Quotes) You can’t look at the intrinsic value of gold as you can a business. Gold doesn’t give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn’t give you dividends (Michael Lee-Chin Quotes) I wouldn’t be where I am, if not for Jamaica. My formative years were here. I wouldn’t have the confidence that I have if I wasn’t born here, because growing up here I knew I could become anybody I wanted to become. There was no ceiling on top of me (Michael Lee-Chin Quotes) I wouldn’t have become an engineer, I wouldn’t have done what I did, had a hand not been held out to me. I have to remember who helped me when I needed help. The people of Jamaica helped me. I can’t forget that. I would be ungrateful if I forgot (Michael Lee-Chin Quotes) I didn’t generate my success by being a prognosticator. I developed my reputation building our businesses by building great businesses and making them more efficient. (Michael Lee-Chin Quotes) The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that’s not the way wealth is created. (Michael Lee-Chin Quotes) Gold is a commodity; over the long run, as we look back, it has not been a good investment. You can’t look at the intrinsic value of gold as you can a business. Gold doesn’t give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn’t give you dividends. (Michael Lee-Chin Quotes)