Murray Hoult Pollitt was a stockbroker, entrepreneur, and adviser to Canada's financial elite. Raised in the entourage of some of Canada's wealthiest and most powerful families -- he was the nephew of Bud McDougald and grew up near Conrad Black -- Pollitt preferred his father's approach of building wealth through industry rather than through financial engineering.
Pollitt died last Sunday while watching the Super Bowl at home after a 12-year battle with prostate cancer. He was 70.
He won respect from clients and colleagues for the independence of his financial analyses and the conviction with which he defended them. While he worked long hours as a broker and inspired a generation of investors in gold, he scorned the promotional side of business. His investment boutique, Pollitt & Co., remained small.
"He taught all of us who knew him personally what integrity and character really meant," said Alex Christ, the 74-year-old founder of Mackenzie Financial Corp., a fund-management company.
Canada's Globe and Mail does a story on the grand old man himself...the Great White North's answer to Richard Russell. The newspaper headline reads "Cynical financial adviser forecast gold’s astronomical rise". I stole this story out of a GATA release in the wee hours of this morning...and the link is here.
