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" Private equity has been the purview of super wealthy individuals and institutions. "
Michael Lee-Chin
Wealthy
Been
Equity
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" 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. "
Michael Lee-Chin
Sure
Opportunities
Life
" 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
Now
Individual
Had
" 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
Way
Wealth
Against
" 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
Great
Success
Reputation
" 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
Myself
Age
Early
" 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
Objective
Wealth
Customer
" The philosophy to 'buy and hold' is a philosophy that I use to manage funds. "
Michael Lee-Chin
Manage
Buy
Hold
" 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
Forget
Remember
People
" Doing business in Jamaica is not easy, but it is rewarding. "
Michael Lee-Chin
Jamaica
Easy
Doing
" 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
Business
Day
End
" 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
Growing Up
I Am
Confidence
" 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
Look
Value
Business
" 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
Successful
Society
Building
" My first playpen was a cardboard box. "
Michael Lee-Chin
Cardboard Box
Box
First
" You must look like a money person for clients to trust you. "
Michael Lee-Chin
Trust
You
Person