An Immigrant’s Story – From the son of a store clerk in a little village in Jamaica to the cover of Forbes' Billionaires Edition: The Story Behind Michael Lee-Chin
How to persevere in times of adversity and empowering yourself with the knowledge that “your actions today will be your history tomorrow.” Behavior in the midst of adversity, how to differentiate yourself, persevere and prosper.
“If you stand for nothing, you’ll fall for everything.”
Michael Lee-Chin has built his wealth on a defined set of principles which can be applied by anyone looking to achieve success in any endeavor. Michael Lee-Chin reviews and enlightens the audience on his 5 Laws of Wealth Creation and defines character traits and common behavior of the most successful entrepreneurs in the world.
“Success begets complacency begets failure.”
How to avoid the human predisposition towards mediocrity and complacency and strive in the direction of consistency of behavior, success and control of emotion. The importance of having a cause and purpose that drives you and the importance of not only doing well but doing good. Michael discusses the need for businesses to embrace the communities in which they do business in and the importance of community development and nation building. Michael expresses that in order for businesses to be everlastingly successful their actions and behavior have to be consistent with community’s needs.
Buy. Hold. And Prosper.
Michael Lee-Chin, Chairman, Portland Holdings Inc., is widely regarded as a visionary entrepreneur whose philosophy of “doing well and doing good” has resulted in phenomenal success and inspiring philanthropic initiatives. Born in Port Antonio, Jamaica in 1951, Michael immigrated to Canada in 1970 to study civil engineering at McMaster University in Hamilton, Ontario. After beginning postgraduate studies, Michael decided to explore career opportunities within the mutual fund industry. At the age of 26, Michael became a financial advisor and, with growing success, progressed to the position of branch manager. In 1983, at the age of 32, Michael borrowed money to purchase $500,000 of Mackenzie Financial stock. After four years, this stock appreciated seven-fold, and Michael used the profits to make his first acquisition, a small Ontario-based investment firm called AIC Limited. At that time, Advantage Investment Counsel (a division of AIC Limited) had assets under management of just $800,000. Within 20 years, AIC grew from less than $1 million and – at its business peak – posted more than $15 billion in assets under management. In September 2009, AIC’s retail investment fund business was sold to Manulife Financial. However, Michael and his team continue to sub-advise the flagship Advantage Series of funds for Manulife through Portland Investment Counsel. Michael has managed the Advantage Fund since inception. As the founder of Portland Holdings Inc., Michael Lee-Chin’s business accomplishments span various countries and numerous sectors. Under Michael’s stewardship, Portland Holdings Inc. today owns a collection of diversified businesses, operating in sectors that include financial services, telecommunications, tourism, media and health care.
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