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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.
Michael Lee-Chin
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"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."
— Michael Lee-Chin #moneywealth

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The objective of the customer is not being met if the fund managers are diversifying their ass…

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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. — Michael Lee-Chin

About Michael Lee-Chin

Michael Lee-Chin was a Businessman from Jamaica (1951–present).

Read more about Michael Lee-Chin →

Frequently Asked Questions

Who said "The objective of the customer is not being met if the fund managers are diversi…"?
This quote is attributed to Michael Lee-Chin, a Businessman from Jamaica.
When did Michael Lee-Chin live?
Michael Lee-Chin lived from 1951 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.