Private equity has been the purview of super wealthy individuals and institutions. Michael Lee-Chin Read Quote
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 Read Quote
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 Read Quote
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. Michael Lee-Chin Read Quote
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. Michael Lee-Chin Read Quote
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 Read Quote
The philosophy to ‘buy and hold’ is a philosophy that I use to manage funds. Michael Lee-Chin Read Quote
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 Read Quote
Life is not linear; you have ups and downs. It’s how you deal with the troughs that defines you. Michael Lee-Chin Read Quote
