“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.” IfsWayWealthCasesMetsCustomersObjectivesManagersPerformingFundAssetsBeing Me Author:Michael Lee-Chin
“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.” IndividualWealthGrowingShareLiquidShareholdersLiquidityGrowing Business Author:Michael Lee-Chin
