Words of wisdom from the Warren Buffett of the Philippines
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Posted By: How May I Help You NC on August 07, 2014 By David K. Ongchoco 3:10 am | Friday, August 8th, 2014 Dubbed as the Warren Buffett of the Philippines, Wealth Securities and Philequity Fund founder Wilson Sy wasn’t always the stock investment virtuoso he is known to be today. Sy remembers fondly his days at Xavier School and his education under the Jesuit priests. He credits Xavier School and the Ateneo De Manila University for the values these two schools inculcated in him. Through the rigorous English lessons, theology classes and liberal arts education, he learned the importance of focus, discipline and hard work. Working even on holidays and during Christmas break when everyone else was on vacation, Sy would wake up at 8:30 a.m. to help out in the family store, selling such products as soap and toothpaste. At a young age he learned the value of money. “You don’t just throw away money, it isn’t that easy to earn. For every Colgate I sold, I’d earn one centavo. You then realize that everything counts,” he says. These childhood lessons came in handy as soon as he landed a summer job at Multinational Bancorporation where he worked in fixed income, money market and equities—his first foray in investment banking. He moved on to investment banking pioneer Bancom after finishing a Management Engineering degree at the Ateneo. After the 1986 Edsa revolution, he chose to work at Wealth Securities after a seat in a stock brokerage was offered him. After one client after another asked him to manage their portfolio, Sy, with several stockbroker friends, decided to launch a fund management company called Philequity Management, Inc. (Pemi). This was in 1994. Read more: http://lifestyle.inquirer.net/168010/words... Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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