TV Persona vs the real thing

Kevin O’Leary wants to help other people make money

I love my job! As Publisher of Tempo Toronto, I have the great fortune to meet and profile some truly interesting people in Toronto. We emphasize the positives, and we only write about people who are doing good things in their fields. Some of them have a measure of celebrity status, but they are all – bar none – passionate about what they do, and they are all people that each one of us can relate to in some way, and be inspired by.

We’ve just profiled Kevin O’Leary who finds his TV appearances to be a fascinating hobby which also happens to support his less than three years’ old, and highly successful, O’Leary Funds business. As we met with Kevin, we reflected on how the lens of TV, the passion for sound-bites and creation of drama can colour one’s impression. Kevin himself talked of a chance encounter at Toronto Pearson airport when a stranger reported – albeit unknowingly – to Kevin’s wife that “that ass**le Kevin O’Leary is in the washroom!” And why would anyone judge him so? Because of what we see on TV. Most of us fall into the trap of passing judgment based on the view we get through the narrow chink of edited ‘reality’ programming.

For sure Kevin is direct and extremely opinionated. He is dynamic, talks a mile a minute, is a proud capitalist, and he hates to waste his time. The three times I’ve met him he has delivered his messages clearly, consistently and with great passion. He’s friendly and open. He loves to make money, and he loves to help other people to secure their financial success. More than that, he can’t bear to watch anyone losing or wasting their capital.

In establishing O’Leary Funds he offers investors the ability to benefit from the same investments that maintain his own really comfortable lifestyle. To over-simplify this, that means investing only in companies that pay dividends. Those who receive – as promised – a nice fat dividend cheque (yes, real cash) find themselves suddenly believing that Kevin really is Mr. Nice Guy, not so harsh after all.

So, to the man at Toronto airport I’d say “give the man a break”.

Kevin O’Leary – entrepreneur, straight shooter and TV personality

Opinionated eco-preneur shares his investment keys to success

“Preservation first, a sustainable yield and, lastly, capital appreciation,” is the investment philosophy of Kevin O’Leary, the self-proclaimed ‘eco-preneur’ who shares his no-holds-barred opinions with business hopefuls on CBC Dragon’s Den and ABC Shark Tank. He has put in some appearances on Discovery Channel too, appears regularly with Amanda Lang on CBC in The Lang / O’Leary Exchange, and travels the world looking for investments that make money and are environmentally friendly. This is the perfect match for his credentials: success in the Honours program in Environmental Studies at Waterloo, and a prestigious MBA from the University of Western Ontario’s Richard Ivey School of Business, where he now serves on the executive board.

Impeccably dressed, fiercely intelligent and a straight talker with rapier-like wit and a sharp sense of humour: Kevin O’Leary. Through his own mutual fund company, O’Leary Funds, he has also raised hundreds of millions of dollars from investors who share his “get paid while you wait” yield-oriented, value investing philosophy. Born in Montreal in 1954, Kevin O’Leary is phobic about the preservation of capital. “I have pretty much kept every dollar I have ever made. I live on the interest.”

Sharing his knowledge and philosophy with groups of Toronto investors regularly, he was most recently in North York in December and again in February, invited to meet many of the Toronto clients of successful investment advisor Roy Zakka Senior Vice President & Associate Director of Macquarie Private Wealth. Seminars are one way for Kevin to spread the O’Leary Funds message – a simple, unvarying philosophy of sustainable deals.

“I’m boring,” said Kevin in our recent meeting. “I buy securities that have huge cash flows and pay dividends. That’s what I invest in for myself, and therefore for my investors. If I don’t understand it, I don’t invest in it.”

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