RE:Investor Day Cockwell is still on the board. Bam will never be berkshire. Not that it won't get the same returns or even better especially from here out, it's just a different beast. Is no different than saying Oaktree won't be berkshire. Bam is a 2/20 hedge fund, completely different model than brk.
I agree with you that eventually people will look back at Bbu after they realize the stability and growth of the cash flows and wonder how it traded at what 6x FFO. Some of these businesses should be worth at least 15x. That's what happened at BEP. Went from an 8% yield that was hated, to a 3% yield darling out of no where, even before the virus.