New Blood BAM Management has done historically well, but they have avoided Tech companies to their detriment.
If they put all of their real estate sales into Apple stock, BAM wouldn't be a dead horse. Even the king of value investing - Warren Buffet- recognized the cash flow and market dominance of Apple.
BAM has clearly missed the Moat around Apple, Google, Facebook, Amazon.
Yet, all Bruce Flatt wants to do is buy another oil pipeline or another Mall.
New young blood is needed to help BAM see where the puck is going.
The BBU portion (private equity) of BAM has been a real poor investment . New leadership needed at the top.