3 Game-Changing Lessons from Billionaire Finance Veteran Lim Hua Min

Billionaire Lim Hua Min, the Executive Chairman of PhillipCapital, is a seasoned veteran in the world of finance. He has spent over four decades navigating the industry and building one of Asia’s leading financial institutions. In his long and illustrious career, Lim has gained invaluable insights on managing capital, investments, and leadership. Here are three game-changing lessons that we can learn from him:

1. Liquidity is Key

When it comes to managing capital and investments, most people only focus on risk and reward. However, Lim emphasises that there is a crucial third component that many overlook: liquidity. Having enough liquidity is vital for staying in the game and countering the unknowns. Without it, you might not be able to take advantage of opportunities as they arise. Therefore, always keep liquidity in mind when planning your investments.

2. Embrace Deferred Gratification

In a world of instant gratification, it’s easy to forget the value of deferred gratification. Lim stresses the importance of understanding and embracing this process. Rewards come only after performance, so do your work well and wait for the fruits of your labour. A job well done brings intrinsic satisfaction, which is just as rewarding as any external validation.

3. Create Opportunities for Growth

A good leader honours the dignity of their people and creates opportunities for them to grow. According to Lim, those who grow don’t leave. In other words, when you provide opportunities for your team to develop their skills and knowledge, they are more likely to stay and contribute to your organisation’s success. As a leader, it’s your responsibility to create an environment where your team can thrive and grow.

Lim Hua Min’s insights are invaluable for anyone looking to excel in the world of finance and beyond. By keeping these lessons in mind, we can all achieve success and make a positive impact in our respective fields. So, let’s embrace liquidity, deferred gratification, and growth opportunities and become game-changers in our own right.