Pacweb.co

How Jimmy Pattison played the stock market to build a conglomerate and took it private when the market soured. Plus, getting caught up with the Hunt brothers. He's often called Canada's Warren Buffett. Jimmy Pattison's $16B (Forbes) empire employs 50,000 people. His incredible story includes becoming sole shareholder, and at 94, he still tap dances to work. At the age of 39, Jimmy was a burgeoning car dealer and owner of two local radio stations when he made a bold move in the stock market. He acquired a 20% stake in Neon Products through a hostile takeover in 1967, and rebranded the company as Neonex International. Capitalizing on the late '60s stock market boom, Neonex went on a buying spree, acquiring 18 other companies in just 18 months. The market was ecstatic, and the company's stock price reached $45 per share the following year. But the bubble burst in 1970, and Neonex's stock plummeted to 80 cents. Even as the company struggled to regain its footing thr...

Thomas J. "Tommy" Humphreys (un)Original ideas on success and peace of mind Hear, O my son, and receive my sayings... Do as I say, not as I do! I wish you all the success in the world and just slightly less than my own It’s the obsessing that makes us successful, and it’s the obsessing that makes us miserable Pessimism is like a bad neighbourhood we need to escape from, but keeps sucking us back in To gain status, be the critic. To gain wealth, be the criticized Wealth Wealth is in your head All new ventures bring fortune, some in gold, others in wisdom The journey to prosperity starts with a strong and unwavering commitment to succeed Wealth is created in starting new ventures and reputations are earned in finishing them The most important skill for wealth creation is not hard work. The most important skill for wealth creation is pattern recognition. Work harder if this does not come easily to you He who helps the rich shall gain wealth, but he who helps the poor shall find ...

Billionaire mining and energy magnate Lukas Lundin died in Geneva yesterday after a courageous 2 year brain cancer battle. Lundin was a larger than life entrepreneur and adventure seeker. He synthesized information about commodities and markets, built best-in-class management teams and created immense wealth for stakeholders through frontier exploration and development. He wanted to be remembered as a company builder who was fun to work with. To say that Lukas was either was an understatement. “I have a fantastic life,” he said in a February interview . “…a nice family and it's just taking advantage of it as best I can and charge ahead. That's my advice to all people - do not think too much, just do it." He earned a reputation as a fearless leader in the treacherous field of global resource development — especially in jurisdictions others were fleeing— and is known for sticking with projects for the long-term. The Lundin Group had huge wins under Lukas’s leadership. Most r...

Mum asked me to caddy in the final round of the Ladies Club Championships at Capilano Golf & Country Club today. It didn’t go as planned. What happened next was a rollercoaster of emotions and a critical life lesson. Capilano is a storied 84 year old private course in West Vancouver's British Properties. My grandfather Reg joined in 1966 and we Humphreys have been grateful members since. Each year at the Ladies Championship event, the club's best women golfers of all ages compete for the lowest combined score over two days.  Shanny (we call our beloved mum by her first name) is in her 67th year, and has been a golf-freak since she picked up the game 25 years ago.  When my parents split in the late 1990s, Shan's first call was to Capilano which confirmed she could keep her application in progress despite no longer being married to a member. My siblings and I caught her obsession by osmosis. Golf is the thing we do together. These days, Shan is a considered a super senior...

Also: Frank’s Devastating Hyperinflation Experience, Building Gold Majors With Ian Telfer and The Famous Treasure Chest He Restored. China is “like a black hole where the gold goes in and never comes out,” says Frank Giustra, a major player in the mining industry and founder of Lionsgate Entertainment. As the largest producer and importer, Giustra believes China is under-reporting their gold reserves. “My guess is they are preparing themselves, as Russia is, to exit the US dollar system… to one where gold plays a role.” In an exclusive series of interviews with CEO.CA taped over a couple of days, Giustra says war in Europe is accelerating a bifurcation of the monetary system. Countries representing ~80% of the world’s population refused to condemn Russia for its Ukraine invasion despite pressure from the West. Meanwhile, global central banks have been selling dollars to stockpile gold. “Currency is being debased and inflation is out of control,” he says. Giustra believes CPI is manipul...

His story is everyone’s dream. Carson Seabolt was a commercial fisherman who clawed out of bankruptcy to build a $50 million fortune in the stock market before age 40. A fearless investor and entrepreneur, Carson makes concentrated bets on the highest-risk companies. The results have been extraordinary, such as: • Co-founding K92 Mining, a $2 billion gold producer from an initial $2 million investment • Raising $43 million from billionaire @Chamath Palihapitiya, one of the world’s most recognized investors, for a medical technology company Carson is involved in, from a cold email • Befriending and betting big on billionaire mining legend Robert Friedland, who helped Carson double his fortune On Carson’s outrageous Instagram channel, he shares a stream of consciousness about life and markets that is like a Kardashian version of CNBC. Today is Carson’s 42nd birthday. On this day 8 years ago he received the call that changed his life. Now, he shares his incredible life story ...

Repost from 2018 on the news Richard is selling his Cactus stake after 34 years. Congrats, Richard! Richard Jaffray Richard Jaffray was living in a used Dodge Dart with a roommate when he first moved to Vancouver from Ontario soon after high school. He worked as a server to save money to open his first restaurant. Today, nearly thirty years later, Richard has created nearly thirty of the highest grossing restaurants in Canada under the Cactus Club Cafe brand. In an industry known for many failures (roughly two thirds of new restaurants will go out of business within three years), the success of Cactus Club has put enormous pressure on other Canadian restaurants to raise their standards. I know Richard through friends and have been enjoying his restaurant since I was a kid. He is an inspiring founder who is kind to everyone he comes into contact with.  Here are 10 lessons for entrepreneurs from Cactus Club CEO Richard Jaffray, updated from his 2015 BCBusiness Top 100 Interview : 1. ...