Kevin O’Leary created O’Shares Investments to launch exchange-traded funds that would model his personal investment priorities of producing income, preserving wealth and delivering capital appreciation.

O’Leary, a billionaire who serves as a wealthy panelist on ABC’s “Shark Tank” television program in which entrepreneurs seek funding to grow their start-up businesses, shared his personal investing strategies with me recently when I interviewed him in the Shark Bar at the Palms Casino Resort in Las Vegas. He recalled learning about the value of reducing volatility from a female money manager who analyzed balance sheets to find the stocks that offered the best opportunities to receive income and produce capital appreciation for the least risk.

Since the first of the four O’Shares exchange-traded funds (ETFs) only launched in July 2015, none of them have a long track record that can be used to measure their performance against other ETFs. However, O’Leary said that among the roughly 1,700 ETFs that exist, none adhered to his three core investment principles of income, wealth preservation and capital appreciation, so he decided to launch his own.

Paul Dykewicz and Kevin O'Leary

Investment columnist Paul Dykewicz interviews billionaire Kevin O’Leary, of “Shark Tank,” in the Shark Bar at the Palms Casino Resort in Las Vegas.

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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce,Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. Follow Paul on Twitter @PaulDykewicz.