How to Build Wealth and Stay Rich: Advice From a Legendary Canadian Investor ($8→$35 Billion)

Join us in this insightful podcast episode featuring Bruce Campbell, a legendary investor with nearly five decades of experience in shaping Canadian investing. Starting his career at CIBC, Bruce has managed some of the largest pension and mutual funds in Canada, including a $2 billion in-house pension fund at Ontario Hydro and growing assets from $8 billion to $35 billion at Royal Bank Investment Management. In this episode, Bruce shares his journey, timeless principles for compounding wealth, and strategies for managing billions. Whether you're starting with $5,000 or managing substantial funds, Bruce offers valuable lessons on risk management, investment fundamentals, and the importance of focusing on free cash flow and quality management. Tune in for actionable advice and learn how to think like a professional investor.
Video Outline
00:00 Introduction and Welcome;
03:32 Bruce's Career Journey: From Ontario Hydro to Managing Billions;
07:07 Transitioning from Queen Mary to Tugboat: Starting His Own Firm;
09:50 Investment Advice for Small Investors: Starting with $5,000-$10,000;
12:21 The Power of Sector Diversification and ETFs;
15:17 Managing Risk and Portfolio Construction;
18:03 The Information Advantage: Then vs. Now;
20:17 Realistic Return Expectations: The 7% Reality vs. 20% Dreams;
22:34 Lessons from the Dot-Com Bubble and Current AI Hype;
25:05 Warning Signs: When Markets Move at Warp Speed;
27:05 Building Wealth Through Consistency: The $100/Month Strategy;
30:55 Stock Selection Fundamentals: What to Look For;
33:17 Free Cash Flow and Balance Sheet Analysis;
35:18 Management Quality: Skin in the Game Matters;
37:47 Learning from History: Market Cycles and Opportunities;
40:01 Buy When Others Are Fearful: The Contrarian Approach;
42:01 Investor Psychology: When Clients Panic;
43:19 Cash Management Strategy: 3-25% Range;
45:33 Closing Thoughts and Final Advice.

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