A Different Kind of Risk Management
A Different Kind of Risk Management
I met a Chinese millionaire many years ago from whom I learned a lot.
Initially, we just did business, but eventually, we became good friends. Vanessa and I visited him in Shanghai those days, and he showed us around. He showed us investment opportunities, and we were very impressed with the Chinese way of running factories and properties.
However, he knew I was not just an entrepreneur and investor. He knew I was also a very experienced risk manager. He also attended one of my Wealth Mastery presentations in China and loved it. He liked the way we use Trusts as a risk management tool!
Therefore, we had many dinners during which Investment Risk conversations were always on the menu.
His business strategy is to own 3% equity in each of 100 different companies rather than 100% in one company.
After many pleasant dinners, we defined the Wealth Mastery System of creating wealth with bank mortgages as follows:
“When Risk Management & Property Investing gets married, it is about owning 10% of 10 houses rather than 100% of one house!”
Thank you, Dr. Jeh Shyan Wong. You’re a legend!
Regards,
Coert Coetzee