Quote of the Day
Michael Lee-Chin Quotes
Doing business in Jamaica is not easy, but it is rewarding.
From an early age my mother told me that there were so many of us that if I was to get anything in life I would have to get it myself. So I did.
My first playpen was a cardboard box.
Private equity has been the purview of super wealthy individuals and institutions.
The philosophy to 'buy and hold' is a philosophy that I use to manage funds.
You must look like a money person for clients to trust you.
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.
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.
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.
If people perceive themselves as having very little opportunities to be fulfilled, then it cheapens their life and outlook. The solution is to reverse it; make sure they know opportunities abound.
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.
The mantra of the National Commercial Bank is 'building a better Jamaica.' If this bank is going to be everlastingly successful, it has to take on the ailments of this society.
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.
Share with your Friends
Everyone likes a good quote - don't forget to share.
Find on Amazon:
Cite this Page:
W. Clement Stone
Get Social with BrainyQuote
Quote of the Day
BQ on Facebook
BQ on Twitter
BQ on Pinterest
BQ on Google+
Art Quote Feed
Funny Quote Feed
Love Quote Feed
Nature Quote Feed