Brookfield Corp (BN.TO)

Good question. The asset management piece is narrower than the entire Brookfield. It's a great, well-run company, so either one is fine. Overall, parent company might be a bit better longer term. But from time to time the asset management business will shine because of specific things going on in its universe.

As to which is better, it's a coin flip at any point in time.

Redomiciled to the US, which will eventually qualify it for inclusion in US indexes and, thus, increasing demand for the shares. Scary-looking chart merely reflects the recent stock split. Own this to get diversified exposure to all of the operating segments.

The stock hasn't actually dropped that much. Not a stock split, but there has been some corporate activity among the Brookfield names. You'll have to read the corporate information to get the details. Your platform will eventually adjust the numbers appropriately.

The reasons you held BN yesterday are the same reasons to hold it today.

Underperformance in April really showed how much torque it has to the downside (as well as to the upside). More volatile and cyclical than Canadian banks. Lots of office real estate, and she's not sure where that's going. Yield is 0.5%.

She prefers some of its underlying investments -- BEP.UN, BIP.UN. These have higher dividend yields and are safer (backed by long-term contracts).

Owned in both of his firm's equity mandates. Continues to be very constructive on the business, industry, management, and strategy. Leader in the alternative asset manager space. Scale advantaged. Fund flows to private equity are outstripping flows to publicly traded stocks and bonds. Global. Over $1T on balance sheet. Serial compounder.

Gives you leverage to people who can see a bit further in this world and are good at picking up investments. See his Top Picks.

BN to hold the entire Brookfield family, and BM is at a discount than it has been for a while. BEP trades at a premium among renewables, which have been under pressure from Trump cancelling wind and other green projects. Also, Northland Power is far better than BEP, given NPI's better valuation and growth potential.

It is at an attractive price now and should be a core holding in any portfolio, perhaps 4 to 6%. It has a great track record of growth and is anticipated to grow by a 17% compound rate over the next 5 years. With carried interest that could be 25%. An investor meeting is coming up this week so we'll see what they say. It has grown by double digits for 25 years.

Why own this instead of the subsidiaries? Simple. If you add up the value of all the subsidiaries, it's about 20% more than the current stock price. If you then add the value of the real estate they own, you're up to about 35% over current stock price. Likes private equity, and that's its prime business. Well managed + growing business + cheap stock = happy investor.

Expertise in 2 areas involved in data centres -- real estate and electricity generation via BEP.UN. Extremely well positioned for this investment opportunity. Yield is 0.54%.

A core holding, though would wait for a pullback to add more. The underlying business is private equity. Given potential changes in 401K plans in the US, there will be more demand for private equity. Large players like this are well-positioned. Has seen strong earnings growth the past year and multiples expansion. This is one of the best compounders.

BN has been consistently near the top of our growth favourites and we consider it a solid 'buy and forget' type of stock. EPS of 88c missed estimates of 90c; revenue of $18.08B beat estimates of $10.13B. Net EPS did fall year over year. A 3 for 2 stock split is planned for October. Deployable capital is a record $177B. Asset management had a 16% increase in fee-related earnings. Distributable earnings rose 13% year over year. BN sold $55B in assets. All-in, as usual, there was lots to digest. But the underlying trend of growth in cash flow continues strongly, and we remain fully comfortable here. 
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Price of each share will drop by 1/3. Hold your shares and don't worry. Big opportunity was to get listed in the US and become part of the US market, as its US-listed competitors trade at 40-50% higher valuations.

An ideal weight, and that level already in place makes it sound as though the investor's portfolio is diversified. But take a look at BBU.UN.

Tremendous compounder of wealth for shareholders. This, the mother ship, benefits from all its various income streams from subsidiaries. 

Not meeting his financial matrix right now. Complexity on steroids, really hard to understand what it's doing. Incredible Canadian success story. As long as there's global financial liquidity in the system, this name does great. If liquidity comes out of the market, which it would if interest rates go up (and he's concerned about this for late this year or next year), then BN really struggles.

He might be interested if it really got compellingly cheap enough.