Portland Investment Counsel Inc.

WE UNDERSTAND HOW WEALTH IS CREATED It's simple, but not easy. For many years we've studied the world's wealthiest people to understand how they do it. FIVE LAWS OF WEALTH CREATION 1. Own a few high-quality businesses, 2. that you thoroughly understand, 3. that are domiciled in strong, long-term growth industries, 4. that use other people's money, prudently, and 5. that are bought at attractive valuations and held as long as the company remains high quality and at a reasonable valuation. For our legal terms of use visit www.portlandic.com/legal.html