Zitat des Tages von Michael Lee-Chin:
Private equity has been the purview of super wealthy individuals and institutions.
Doing business in Jamaica is not easy, but it is rewarding.
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.
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.
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.
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.
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.
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 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.
