All Quotes

5 quotes

MICHAEL LEE-CHIN

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I didn't come to Canada to fail. When you've seen real poverty, failure stops being an option.

mindsetmotivationVarious public interviews, 2012

My formula is simple: own a small number of great businesses, hold them forever, and use other people's money to finance them.

concentrationinvestingMcMaster University convocation address, 2007

Wealth is not built by trading. Wealth is built by owning. The Rockefellers didn't trade Standard Oil — they owned it.

long-termownershipPublic interview, Canadian television, 2010

Most investors fail because they move. They see volatility and panic. The market rewards patience, not activity.

investingpatiencePortland Holdings investor presentation, 2015

The biggest risk isn't concentration — it's owning mediocre businesses. If you know what you own, concentration is not risk. It's conviction.

concentrationconvictionFinancial Post interview, 2003