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Investing Lessons From a Billionaire

It’s one of the most basic ideas in investing: Diversify and spread risk along various asset classes or, in the case of equities, among different industries. But self-made billionaire investor and entrepreneur Michael Lee-Chin begs to differ. Taking a distinctly contrarian approach to investing, the founder and chairman of Portland Holdings Inc., a privately held investment company in Burlington, Ontario, argues that when looking at stocks, focusing on specific companies and industries trumps diversification any day. Lee-Chin also doesn’t try to read the tea leaves of economic indicators. “I didn’t create wealth by being a prognosticator,” he says. “I created wealth by finding businesses that are fundamentally sound and that have great business models that I understand and can buy inexpensively.”

What It Takes To Recharge Your Career

What It Takes To Recharge Your Career

What does it take to recharge your career? A big part of it is re-evaluating where you fit in the job market. There are strategies that can be implemented, but for many professionals it also requires being less rigid and less timid in their perspectives around finding work.

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