Brookfield, Explained

Brookfield is one of the largest global investors with almost $1 trillion of assets under management.

It has a very complex structure, so in this video I give an overview of Brookfield.

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[readjonomy]

Would love to hear your thoughts. What should I work on? Also, are there any topics/companies you'd like to hear about?

[alexg]

Best explanation of Brookfield I have seen so far. After watching this, I finally have a better understanding of Brookfield. I look forward to watching your videos on BAM and the other Brookfield entities. Really appreciated this video

[sbtopjosh]

I really enjoyed watching your video, it was great! I do wish you had provided more details on how they structured their investments, but overall it was an informative and engaging presentation. Keep up the good work!

[creamwyb]

Great video on BAM, please continue the good work!

[keatongilmer]

Awesome video man! Helped me wrap my head around BN quite a bit better, thanks for making this video!

[DennisFinancialDoctor]

I have a 15% allocation into BN and BAM. Love this company. Just received their huge dividend on 3/31.

[PilatesinSacramento]

Great video! I’ve been wanting this kind of overview for a while. I’ll look to see if you’ve covered BEP or BiP. Have you started a position in anything?

[earnmyturns]

All analysts that set out to “explain the Brookfields” stop short of covering why Brookfileds Infrastructure and Brookfield Renewable are themselves sorted into partnerships and corporations. Seems to me a huge portion of their expenses must be to pay accountants, do all them reconciliations twice. For investors, well of of course tax treatment is different, but that’s not it. What is a black box to me is why the accounting is so radically different for Partnerships and Corporations, so earnings and therefore P/E ratio come out very different. For example today, a red day, the Renewable corporation BEPC has P/E of 13.7, whereas the partnership BEP.UN has negative earnings! Infrastructure, the corporation BIPC has P/E 18.4, at the same time the partnership version BIP.UN has P/E is 69.6. That is what I wish I could find help with.

[footlongchen]

great video! very informative and easy to listen to. Please do more of these

[calebhuiet]

Great video! BN is my top holding. Good stuff.

[LendrainResearch]

Thanks especially the structure part clarified a lot for me!

[newcomerinvestor]

awesome vid BN is my largest company, love Bruce Flatt!

[jihowoo]

Great knowledgable video! Thx and keep this up plz!

[Galaxy]

Hah I had to play this .9 speed cause this whole thing really got me bamboozled. Thanks for the explanation

[peterchung]

BN is trading at a large discount to NAV ~30%. BN is a long term hold with opportunities to buy & sell and this is one of those buy times with the pull back and discount. BN is great portfolio diversifer especially for Canadian investors.

[davide]

Very nice breakdown of BN. Keep up the good work, hope to see more business deep-dives in the future on this channel. Subscribed!

[harpindergill]

I have an interview for an intership at BAM in 15 hours and watched this to help prepare

[will]

Hey great video, hope you come back and keep uploading new vids!

[vdes]

Thanks you great explanation. I still wonder how does BAM works since 25% is public and 75% is hold by BN. BAM says it returns around 90% of distributable earnings to shareholders. Is it all distributed to the 25% public or on the overall? If 90% of the profit is returned to public shareholders, what is the actual reason/advantave for BN to have this pure play asset management business?

[yuva]

I bought BAM since I like the pure-play distribution of fees via dividends vehicle. I own KKR instead of BN so didn't see any reason to own BN.