No one is addressing the office space-centered developments in London, NYC, and elsewhere in quantitative terms relative to the overall balance sheet and stock price recovery. That is a problem.
The parents balance sheet is used to protect Brookfields overall reputation. There will never be a dividend cut or bond default without the entire ship sinking instantly. True ?
@@mortylevitt622 BN is the mothership, meaning it owns stakes in all of the other Brookfield spin-offs. BAM is the newest spinoff. Honestly all of these positions are incredible and will likely outperform the market. There is nothing wrong with owning those listed 3.
@@DennisFinancialDoctor he wrote "after the split" he likely meant after the spinoff. There was a ticker switcheroo done where BAM became BN and some holdings so it's confusing to the long time owners.
@Shengfa Lin yeah its very confusing, the holding used to be called brookfield asset management, but they switched names as well (you can tell also by the market cap being way lower on BAM). I think all this is causing the stock to be where it is. You need weeks to fully analyze the company.
@@snoomtreb Okay, I checked bn.brookfield.com/sites/brookfield-ir/files/2022-10/brookfield-final-circular-sedar-filing-version.pdf page E-67. I think it goes like this: 1. BN owns 75% of the asset management business 2. BAM owns 25% of the asset management business as its sole material asset 3. The asset management business owns 64% of Oaktree So I think Oaktree will be accounted for a larger percentage of the BAM asset.
I mean i did wrong, no reason to sell, he got scared because of the exposure to real estate BN is reducing their real estate portofolio, only holding the great ones
@@guruinvesting8757 Ackman did sell Netflix. He considers selling that a mistake. He has a lot of positions he has held for long periods of time. I am aware about buffets sale as well. I made the mistake of selling my small position as well, under the assumption that Buffett knew something I didn't about China/Taiwan situation. My main point is, if someone preaches about being a long term investor then they should not sell off their entire portfolios and bet huge on "Mining/Metallurgical" companies or whatever. I'd argue that pabrai doesn't practice what he preaches, more so than Buffett/Ackman/GuySpier or others.
No one is addressing the office space-centered developments in London, NYC, and elsewhere in quantitative terms relative to the overall balance sheet and stock price recovery. That is a problem.
Do you still maintain this view?
The parents balance sheet is used to protect Brookfields overall reputation. There will never be a dividend cut or bond default without the entire ship sinking instantly. True ?
why is their "Changes in working capital" negative? How does it affect free cash flow on long term?
Their businesses have inventory and accounts receivables that grow as they scale. They have to invest working capital to fund those to grow.
Where did you see negative working capital?
Berkshire seems cheaper than Brookfield at the moment
How??
When is this clip from?
Feb 2023 SumZero interview w/ Mohnish Pabrai (31:40 min mark) th-cam.com/video/ul84Pn-02Pk/w-d-xo.html
After the last split, I have BAM, BN and BIPC. Is this over lapping? Does BN own all of them?
@@DennisFinancialDoctor I was given these after inter pipelines bought over and company opening new division
@@mortylevitt622 BN is the mothership, meaning it owns stakes in all of the other Brookfield spin-offs. BAM is the newest spinoff. Honestly all of these positions are incredible and will likely outperform the market.
There is nothing wrong with owning those listed 3.
@@DennisFinancialDoctor he wrote "after the split" he likely meant after the spinoff. There was a ticker switcheroo done where BAM became BN and some holdings so it's confusing to the long time owners.
BAM is the one that owes 60+ % of oaktree, is that correct?
No that's BN (the holding) - BAM is 25% of the pure-play asset manager (i.e. with 3rd parties money).
@@snoomtreb Really? I bought the wrong one then.
@Shengfa Lin yeah its very confusing, the holding used to be called brookfield asset management, but they switched names as well (you can tell also by the market cap being way lower on BAM). I think all this is causing the stock to be where it is. You need weeks to fully analyze the company.
@@snoomtreb Okay, I checked bn.brookfield.com/sites/brookfield-ir/files/2022-10/brookfield-final-circular-sedar-filing-version.pdf page E-67. I think it goes like this:
1. BN owns 75% of the asset management business
2. BAM owns 25% of the asset management business as its sole material asset
3. The asset management business owns 64% of Oaktree
So I think Oaktree will be accounted for a larger percentage of the BAM asset.
So we would need to figure out how much percentage is Oaktree of the asset management business.
He sold his entire stake RIGHT after talking it up lol
I mean i did wrong, no reason to sell, he got scared because of the exposure to real estate
BN is reducing their real estate portofolio, only holding the great ones
I own both plan on holding forever
BEP and BAM?
Mini Berkshire. It's like owning Berkshire when it just started out
It's a $70 billion company. What are you talking about? And Pabrai sold the entire investment. He's basically a day-trader at this point.
@amirjon and Berkshire is $767.48 billion company so like i said a mini Berkshire which has room to grow.
A mini brk would be something like a $70 mil company...@@cashoption2319
@@amirjon he basically find a better investment
it seems he just sold it out along with MU stock.
u mean bam right yes he did so i am just buying bn
PA corvette driver from penn state
Bn > Bam
He dumped his entire position a few weeks after this interview. Lost my trust
That's what Pete Ackman does, too. Short-term traders. Buffett also only held onto Tsmc for like 3 months.
@@guruinvesting8757 Ackman did sell Netflix. He considers selling that a mistake. He has a lot of positions he has held for long periods of time.
I am aware about buffets sale as well. I made the mistake of selling my small position as well, under the assumption that Buffett knew something I didn't about China/Taiwan situation.
My main point is, if someone preaches about being a long term investor then they should not sell off their entire portfolios and bet huge on "Mining/Metallurgical" companies or whatever.
I'd argue that pabrai doesn't practice what he preaches, more so than Buffett/Ackman/GuySpier or others.
Pobrai is always buying and selling, he's not a long term hold guy.