Michael Lee-Chin, chairman and CEO of Portland Holdings Inc.: “You don't create wealth by doing today what everybody else is doing. You create wealth by doing today what people will be doing tomorrow.” (Credit: Handout/Patricia Trombetta/Portland Investment Counsel Inc.)
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Billionaire Michael Lee-Chin has 18 principles he has stuck to in order to build his wealth, he says.
The Jamaican-Canadian chairman and chief executive officer of Burlington, Ont.-based private investment firm Portland Holdings Inc., says it is possible for other investors to follow these principles and build wealth, especially younger ones who have time and compounding on their side.
With Warren Buffet as his role model since the 1970s, Lee-Chin has used his prescriptive framework to predict, and invest in, future trends, such as wealth management for a growing baby boomer cohort.