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Wealth Professional | 10 Apr 2014, 01:44 PM Agree 0
Kevin O'Leary's mortgage company has surrendered its FSCO license effective March 31 – less than two years since its inception.
  • Don Bulmer | 10 Apr 2014, 04:39 PM Agree 0
    Not a big surprise, remember O'Leary banging the table about mutual funds....then he becomes one. Perhaps he's going back to his orginal values and closing his rubbish funds.
  • Murray Schultz | 10 Apr 2014, 06:50 PM Agree 0
    What if, in the end, Mr. O'Leary is just a guy who got lucky in the easy-money 1990s. Investors need to be aware that, like other product branding ventures, when Mr. O'Leary sticks his name on something he is still playing the odds and attempting to create a self fulfilling prophesy - expert management or not.
  • Mike | 11 Apr 2014, 09:27 AM Agree 0
    I attended one of his pitches for his mutual funds. No doubt he is entertaining but he clearly had no clue about EMT, MPT or how to professionally manage portfolios.

    Seems to me like he is just another guy who got lucky and thinks he is smarter than the rest.

    O'Leary told Canadian business magazine Profit in June 2003, "There are a lot of idiot fund managers out there who add no value to the process at all."

    If O'Leary doesn't turn things around at his funds, he can add one more manager to his list.
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