“Taking risks was never a problem. Learning management took discipline,” explains serial investor, fund manager and well-known risk taker, Andy DeFrancesco. Toronto native Andy DeFrancesco has been a successful investor for over 26 years. Specializing in private equity, he’s made a name for himself by taking risks that few would even consider and making controversial calls when it comes to his investment strategy.
Originally an equity trader, he took his two decades of experience and became a banker, then fund manager at notable firms including Merrill Lynch Canada and Canaccor Genuity. Some of his most risky investments include a 2006 investment in oil wells in drug and violence-plagued Columbia and then a gamble on a tiny gold mine in Northern Ireland. Both of which, though initially seeming to be unwise plays, turned out to be exceptionally lucrative.
– Read the entire article at Forbes.