Original review: Brookfield
Tag for finding my other articles on this stock: BN
About this blog: I have been investing for 25 years, professionally and personally. I look for stocks that have a high probability of compounding at 15% for at least 5 years with limited downside. I write these stocks up on my blog. You can find more about me, my philosophy, my mental models, and my portfolio structure on my site.
Key takeaways
A slower growth quarter with acceleration expected through the year. Private credit worries are not systemic and Brookfield’s areas of exposure are fine. Momentum is accelerating in real estate. Merging BNT (insurance) back into BN gives the insurance operation a huge capital base. Both BN and BAM have bought back significant amounts of stock recently.
Thesis and valuation update