CARICOM Secretary General LaRocque praised Caribbean youth for their leadership in this creativity, singling out for commendation Warren Cassell of Montserrat.
Cassell, now 16, started a business at age eight from his small regional base, using his tech skills to provide services to the region and beyond.
Cassell was Caribbean Journal’s Entrepreneur of the Year in 2013.
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Warren Cassell Jr. and Isis Harvey were jointly named Valedictorian of the Montserrat Secondary School Graduating Class of 2015.
On 28th April, 2014, the Caribbean Telecommunications Union (CTU) reached the historic milestone of 25 years since its establishment by the Heads of Caribbean Governments, as the regional telecommunications and ICT policy-making body.
During the week of February 2nd 2015, the CTU commemorated this event under the theme: Celebrating our past; Committing to our future, with a week-long programme of ICT activities,
Warren was invited to share his story at the celebrations as well as his views on the need for entrepreneurship in the region.
Today our Chairman, Warren Cassell Jr. was asked to share the role that his family played in his entrepreneurial journey at the Arthur Lok Jack Graduate School of Business in Trinidad.
Warren Cassell Jr. continues to be a source of inspiration for young people across the Caribbean. Cassell, who was recently on speaking engagements in Trinidad, courtesy of a regional financial institution, was invited also to speak to a group of young people from the group “We Are Better Youths” (WABY).
The invitation extended to the 15-year-old entrepreneur to speak to young people from the Laventille area of Trinidad, was made by the executive arm of WABY, as they sought to have Warren Jr, who is also a published author, assist in motivating young persons from the area to aspire towards wholesome goals that will benefit both themselves and their communities in a positive manner.
Warren Jr. addressed the gathering of about 50 young people on the topic; “Why You Must Approach Success as a Duty.” The format of the presentation also included a question and answer segment, during which Cassell fielded questions to do with his business interests, and his balancing of school work whilst still seeking to grow as a young person in business. Warren Jr. urged the youths to adopt a 4-step process that he says has been working well for him. He also encouraged them to emulate successful people.
He told the crowd; “Success is about living your highest potential and maximizing all the talents that you have and not complaining about what you don’t have.”
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BRADES, Montserrat -- Montserrat-based 15-year-old award-winning entrepreneur and bestselling author Warren Cassell Jr. has recently announced the formation of his privately held investment holding company, The Abella Group LLC.
Cassell, who is in his last year of high school, currently holds an investment portfolio comprising of US and Caribbean debt and equity securities. Through the newly incorporated investment vehicle, he hopes to expand his investment holdings dramatically by prudently leveraging external capital to deploy in a number of globally diverse sectors.
“It is my emphatic belief that working below your potential is criminal behaviour. For me creating success and wealth is a duty and responsibility because it allows me to live a more meaningful and powerful life. I love the world of investing because it teaches me patience, it tests my temperament and it allows me to get access to the place where the wealthy get richer,” the teen tycoon said during the announcement.
Although he is too young to drive, the teenager is not new to the business world. His businesses have served clients from Asia, Africa, Europe, North America and the Caribbean. At the age of eight he started a successful greetings card company, and a few years after he launched a web hosting company called Chupz Business Solutions.
Cassell is now focusing his efforts on investing in established companies that are domiciled in attractive industries, and are supported by growing demand.
“The Abella Group will focus on owning a yield producing portfolio of equity and debt securities, while investing in businesses that are domicile in strong long-term growth industries. Some sectors that we are currently looking at are the financial services and asset management industry.” he explained.
Primarily, The Abella Group will purchase minority stakes in companies listed on the New York Stock Exchange. However, the company looks to take advantage of a number of opportunities on the Jamaica Stock Exchange and Trinidad and Tobago Stock Exchange.
“There are several gems in the Caribbean stock markets. A lot of stocks listed on the regional stock exchanges are significantly undervalued. For example, there is a particular company that I have been looking at on the Jamaica Stock Exchange that has been growing steadily over the last five years. However, despite the impressive growth the stock price has been dormant. In fact, the market price for the company is 50% less than the actual intrinsic value of the company. This simply means that if I purchase a stake in that company, I’ll be getting it at a discount because the price that I will be buying the stock at is 50% less than what it is actually worth. It is no different from buying a house for $300,000 that is really worth $600,000,” Cassell said.
The ambitious young man, who is the author of ‘The Farm of Wisdom’ and ‘Swim or Drown’, hopes to build The Abella Group into a multi-billion dollar holding company over the next 35 years.
He said, “My goal for The Abella Group may be ridiculous, and even on the verge of delusional but I prefer to fall short on an impossible goal than to fall short or even achieve a mediocre one.”