Michael Lee
Michael Lee
Drummer who has toured with ex-members of Led Zeppelin and who later toured with artists like Jeff Martin.
ProfessionDrummer
Date of Birth19 November 1969
act committed luck
Patrick Hayashi committed no wrongful act and his luck was impeccable. He was just in the right place at the right time.
artist draft reveals revision
The first draft reveals the art, revision reveals the artist
goes miss time upset
I'm more upset about all the things he's going to miss as time goes on, getting older, you know, it's hard.
building businesses developed generate great success
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.
life ups
Life is not linear; you have ups and downs. It's how you deal with the troughs that defines you.
assets fund managers met objective performing
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.
business cash flow good intrinsic value
Gold is a commodity; over the long run, as we look back, it has not been a good investment. You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends.
jamaica easy
Doing business in Jamaica is not easy, but it is rewarding.
firsts boxes cardboard-boxes
My first playpen was a cardboard box.
individual institutions wealthy
Private equity has been the purview of super wealthy individuals and institutions.
philosophy use fund
The philosophy to 'buy and hold' is a philosophy that I use to manage funds.
way being-me wealth
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.
opportunity people littles
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.
growing liquid wealth
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.